42 Shareholders A and B own 400 shares each of the outstanding stock of a corporation. Shareholder C owns the remaining 600 shares. None of the shareholders are related. The corporation has $500,000 in current earnings and profits. The corporation redeems 150 shares from Shareholder A and 100 shares from Shareholder B for $1,000 each. Shareholder A's basis in her redeemed shares is $90,000 and Shareholder B's basis in his redeemed shares is $35,000. What is the amount and type of income that Shareholder A must report as a result of the redemption of her stock? The corporation redeems 150 shares from Shareholder A and 100 shares from Shareholder B for $1,000 each. Shareholder A's basis in her redeemed shares is $90,000 and Shareholder B's basis in his redeemed shares is $35,000. What is the amount and type of income that Shareholder A must report as a result of the redemption of her stock? $60,000 dividend O$60,000 capital gain O$150,000 capital gain O $150,000 dividend