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Assume Jack and Jill 25 and 75 percent shareholders. UpAhill Corp have tax bases in their shares at the beginning of tear 1 of 24,000and

Assume Jack and Jill 25 and 75 percent shareholders. UpAhill Corp have tax bases in their shares at the beginning of tear 1 of 24,000and 56,000Assume on distribution were made. Given the income statement below what are their taxes bases in their shares at the end of the year

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