Bedrock Incorporated is owned equally by Barney and his spouse Betty, each of whom holds 1,360 shares in the company. Betty wants to reduce her ownership in the company, and it was decided that the company will redeem 680 of her shares for $26,400 per share on December 31 of this year. Betty's tax basis in each share is $6,150. Bedrock has current E&P of $10,870,000 and acqumulated E&P of $50,870,000. Problem 14-54 Part b (Algo) b. Given your answer to part (a), what is the tax basis in the remaining 680 shares Betty owns in the company? Answer is complete but not entirely correct. Income tax basis in remaining shares $ 4,182,000