9. What is Alexander's net gain or loss on the liquidation of his 100% interest in an S corporation if the corporation distributes the following

9. What is Alexander’s net gain or loss on the liquidation of his 100% interest in an S corporation if the corporation distributes the following three assets to him in exchange for his stock? Prior to any distributions, Alexander’s basis in his S corporation interest was $160,000. (Points : 3) ($12,000)2. ($22,000)$10,0004. $22,000None of the above

9. What is Alexander’s net gain or loss on the liquidation of his 100% interest in an Scorporation if the corporation distributes the following three assets to him in exchange for hisstock?...