Badger Corporation declared a stock distribution to all shareholders of record on March $25$ of this year. Shareholders will receive one share of Badger stock for each $10$ shares of stock they already own. Madison owns $1,000$ shares of Badger stock with a tax basis of $$100$ per share. The fair market value of the Badger stock was $$110$ per share on March $25$ of this year.

Note: Leave no answer blank. Enter zero if applicableRequired Information

Problem $18-51($LO $18-3)($Static$)$

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Badger Corporation declared a stock distribution to all shareholders of record on March $25$ of this

year. Shareholders will recelve one share of Badger stock for each $10$ shares of stock they already

own. Madison owns $1,000$ shares of Badger stock with a tax basis of $$100$ per share. The falr market

value of the Badger stock was $$110$ per share on March $25$ of this year.

Note: Leave no answer blank. Enter zero If applicable.

Problem $18-51$ Part b $($Static$)$

b$.$ What is the tax basis in Madison's new and existing stock in Badger Corporation, assuming the distribution is

nontaxable?

Note: Round your answer to the nearest whole number.

Income tax basis per share

Problem $18-51$ Part b $($Static$)$

b$.$ What is the tax basis in Madison's new and existing stock in Badger Corporation, assuming the distribution is nontaxable?