Exercise 19-23 (Algorithmic) (LO. 4, 6) Just prior to a major medical procedure, Cody gives his son, Liam, stock in Robin Corporation (fair market value of $2,229,000 and basis of $3,120,600). At the time of the gift, Cody held some unused capital losses. The surgery is unsuccessful, and after Cody's death, Liam sells the stock for $3,432,660. a. What is the income tax result for Liam? b. What if the gift had not been made and the stock passed to Liam as a bequest from Cody?