74. Rodolfo makes a gift of $ 306 stock (basis of $75,000, fair market value of $100,000) in Kiwi Corporation to his daughter, Josie. When the stock was issued to Rodolfo, his share of Kiwi Corporation's E & P was $80,000. When its E & P is $200,000, Kiwi Corporation redeems all of Josie's stock for $100,000. With respect to the stock redemption: a. Josie will recognize a capital gain of $25,000. b. The redemption does not reduce Kiwi's E&P. c. Josie will recognize dividend income of $80,000. d. Josie will recognize dividend income of $100,000. e. None of these