Laura recently was diagnosed with cancer and has begun chemotherapy treatments. A cancer specialist has given Laura less than one year to live. She has incurred sizable medical bills and other general living expenses and is in need of cash. Therefore, Laura is considering selling stock that cost her $35,000 in 2005 and now has a fair market value of $50,000. This amount would be sufficient to pay her medical bills. However, she has read about a company (the Vital BenefitsCompany) that would purchase her life insurance policy for $50,000. Shehas paid $30,000 in premiums on the policy. a.Considering only the tax effects, would selling the stock or sellingthe life insurance policy result in more beneficial tax treatment?b. Assume that Laura is a dependent child and that her mother owns the stock and the life insurance policy, which is on the mother's life. Which of the alternative means of raising the cash would result in more beneficial tax treatment?