17. Two Hump Camel Saddle Inc. redeemed all Ferd Berfel's shares for $1,000,000, leaving his wife, Fanny, as the sole remaining shareholder. Fanny did not like going to the office because of the smell, so she stayed at home and engaged full time in her hobby, concert level flugelhorn competitions. Ferd went to work every day to run the Camel Saddle business, but did not receive a paycheck. What was the likely outcome of the redemption? a. Ferd's stock basis is transferred to Fanny's stock b. Ferd's stock basis transfers to his remaining shares in THCS Inc. c. Ferd has dividend income up to current and accumulated E&P d. a and c e. b and c