6. Charla received Preferred stock as nontaxable common stock dividend in 2020 from Marisa Corporation. The value of the Preferred stock was received by Charla was $20,000 and the value of the common stock was $30,000. Charla acquired the common stock in 2018 for $60,000 and Marissa corporation's earnings and profits (E&P) was $100,000 on the date of distribution of the preferred stock. Six (6) months after the receipt of the preferred stock, Charla sold the preferred stock to an unrelated third party for$50,000. The basis allocated to the common stock as a result of this transaction is: A) $36,000 B) $50,000 C) $24,000 D) $60,000 7. Munchen corporation distributed all of its property in a liquidation. Landstyl, a shareholder, received $700 in cash and Land with a Fair Market of $6,000 which was acquired by the corporation as an investment for $1,000. The adjusted Basis of Landstyl's stock surrendered by her was $4,500. What is Landstul's basis in the Land received in the Liquidation? A) $6,000 B) $5,200 C) $1,000 D) $4,500