Clampett, Inc., converted to an S corporation on January 1, 2019. At that time, Clampett, Inc., had cash ($31,000), inventory (FMV $51,000, basis $12,000), accounts receivable (FMV $31,000, basis $31,000), and equipment (FMV $51,000, basis $71,000). In 2020, Clampett, Inc., sells its entire inventory for $51,000 (basis $12,000). Assume the corporate tax rate is 21 percent. Clampett, Inc.'s taxable income in 2020 would have been $1,000,000 if it had been a C corporation. How much built-in gains tax does Clampett, Inc., pay in 2020

Digitalhealth electronics inc. is a company that builds diagnostic devices. it was the first company to develop a compact mri scanner by reconfiguring the components of the mri technology. this smaller and user-friendly version of the huge mri scanner created demand from small hospitals, nursing homes, and private practice doctors who were earlier dependent on the scanning machines in large hospitals. which of the following types of innovations does this scenario best illustrate? a. disruptive innovation b. incremental innovation c. radical innovation d. architectural innovation