48. At the beginning of the year, Ms. Faro paid $15,000 for 750 shares of Gravois stock. She instructed her broker to reinvest any dividends in additional Gravois shares. Her Form 1099-DIV reported that she earned $820 dividend income Which purchased 39 additional shares. Which of the following statements is true? A. Ms. Faro recognizes no dividend income and has a $15,000 basis in her 789 shares. B. Ms. Faro recognizes no dividend income and has a $15,820 basis in her 789 shares. C. Ms. Faro recognizes $820 dividend income and has a $15,820 basis in her 789 shares. D. None of the above statements is true