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Reorganizations (50 pts) Determine whether each of the following transactions is taxable. If a transaction is not taxable, indicate what type of reorganization is affected, if any. Provide a brief, 1-3 sentence justification/explanation for each answer, and provide your answers in a MS Word document. Be sure to label each answer with the associated letter a, b, etc. and submit to the assignment area. Red Corporation owns assets valued at $500,000 and liabilities at $200,000, and White Corporation has assets valued at $1 million and liabilities of $150,000. Red transfers 75% of its voting stock to White in exchange for 90% of its assets. White distributes the Red stock, its own remaining assets, and all of its liabilities to the White shareholders. White then liquidates. Green Corporation holds assets valued at $600,000 and liabilities of $150,000. Blue Corporation transfers $540,000 of its voting stock for 90% of Green’s assets. Blue assumes none of Green’s liabilities. Green distributes the Blue stock, its own retained assets, and its liabilities to the Green shareholders and then liquidates. Orange owns assets valued at $400,000 and liabilities of $100,000. Yellow Corporation exchanges $200,000 of its voting stock and land worth $100,000 for all of Orange’s assets and liabilities. Orange distributes the Yellow stock to the Orange stockholders and retains the land. Apricot Corporation moves its headquarters and incorporation from Rochester, New York, to Santa Fe, New Mexico. It changes its name to Chile Pepper, Inc. Pink Corporation holds assets valued at $500,000 and liabilities at $100,000. Black Corporation transfers $350,000 of its voting stock and $50,000 of nonvoting stock for all of Pink’s voting and nonvoting stock. Pink becomes a subsidiary of Black. Gray Corporation’s paperclip division owns assets valued at $300,000 and liabilities of $50,000. The staple division holds assets valued at $900,000 and liabilities of $150,000. Gray would like the...