$14$

Problem $22-51($LO $22-3,$ LO $22-4)($Static$)$

$3\mathrm{.}44$ Assume Jack and Jill, $25$ and $75$ percent shareholders, respectively, in UpAHill Corporation, have tax bases in their shares at the points

$\backslash$table$[[,$Tax Basis at the end of Year $1],[$Jack$,],[$Jill$,]]$