During 2008, John Johnson purchased 50 shares of common stock in Corporation DEF for \(\$ 4,500\). In 2014, DEF declared a stock dividend of 20 percent. The new stock received by John in the stock dividend was identical to the old stock. In 2018, DEF's stock split 3 for 1 at a time when the fair market value was \(\$ 120\) per share. What is John's basis in each of his shares of DEF's stock if both distributions were nontaxable?

a. \(\$ 120\) per share

b. \(\$ 90\) for 50 shares and zero for all additional shares

c. \(\$ 75\) for 60 shares and \(\$ 142.50\) for 120 shares

d. \(\$ 25\) per share