4. Famco is owned as follows: Shareholder Julie Kelly Roger David Shares Owned 100 400 100 Basis of Shares Owned $100,000 $180,000 $100,000 $650,000 1400 In each of the following INDEPENDENT situations, complete the blanks provided (16 total points). a. Julie and Roger each propose to redeem 50 shares of stock in exchange for $120,000. That is, each will redeem 50 shares and each gets $120,000. FAMCO has E&P of $200,000. Shareholder %Ownership Before %Ownership After Distribution Dollar Amount of Or Exchange Income Julie Roger b. Kelly wants to start a new business and proposes to redeem 200 shares in exchange for $600,000 to allow her to fund the new venture. FAMCO has $700,000 of E&P. Shareholder %Ownership Before %Ownership After Distribution Dollar Amount of Or Exchange Income Kelly C. Same as (b), but Kelly is the daughter of Julie and Roger, then: Shareholder %Ownership Before %Ownership After Distribution Dollar Amount of Or Exchange Income Kelly