Lee Owns All the Stock of Vireo, Inc Lee Sells His Stock to Katrina for $300,000

Lee owns all the stock of Vireo, Inc., a C corporation for which he has an adjusted basis of $150,000. The assets of
Vireo are recorded as follows. $$\begin{array} { l r r } & \text { Adjusted Basis } & \text { FMV } \\\text { Cash } & \$ 35,000 & \$ 35,000 \\\text { Accounts receivable } & 20,000 & 20,000 \\\text { Inventory } & 22,000 & 25,000 \\\text { Building } & 28,000 & 30,000 \\\text { Land } & 40,000 & 90,000\end{array}$$ Lee sells his stock to Katrina for $300,000. Determine the tax consequences to:
a. Lee.
b. Katrina.
c. Vireo