Jasmin purchased 100 shares of Pinkstey Corporation (publicly traded company) on January 1 of year 1 for $5,000. The FMV of the shares at the end of year 1 was $6,000. On January 1 of year 4, Pinkstey Corporation declared a 2-for-1 stock split when the fair market value of the stock was $65 per share. On January 1 of year 5, Jasmin sold all of her pinkstey Corporation stock when the fair market value was $40 per share. Which of the following statements is true?

a. Jasmin reports $6,500 in gross income for the 2-for -1 stock split in year 4.

b. Jasmin’s basis in the Pinkstey Corporation stock at eh end of year 4 is $65 per share.

c. Jasmain has no taxable income for the Pinkstey Corporation stock at the end of year 4.

d. Jasmin owns 100 shares in Pinkstey Corporation stock at the end of year 4.