4. Sources of Income The Board of Directors of CYZ Corporation votes to issue two shares of common stock for each share held as a stock dividend to shareholders. - Just prior to the dividend, Cheryl owns 100 shares of CYZ Corporation stock that she purchased for $10 per share. - She received 200 new shares as a result of the stock dividend. a. How much gross income must Cheryl report as a result of the dividend? b. What is her stock basis after the dividend? c. If after the stock dividend is received she sells 50 shares for $11 each, what is her gain or loss