2015 Law Care co. made a tax-free distribution of stock rights to Brian. Brian's basis in his Lawn Care co. the stock was $50,000. At the time of the distribution the fair market value of Brian's Lawn Care co. The stock was 97,000 and of the stock, rights were $3,000. Brian didn't make a 307 election

a) Determine Brian's basis in the Lawn Care co. stock and the stock rights

b) Determine Brian's basis in the Lawn Care co. stock and the stock rights assuming that he made a 307 elections.