For each of the scenarios provided (1-12) answer the following questions:a. Is t

For each of the scenarios provided (1-12) answer the following questions:a. Is the transaction taxable?b. If not indicate the type of reorganization.c. In 2 or 3 sentences support your decision. For example if you state the transaction is a Type B reorganization explain why the transaction qualifies as a Type B reorganization.Scenario: