Bonnie and Clyde are the only two shareholders in Getaway Corporation. Bonnie owns 55 shares with a basis of $4,400, and Clyde owns the remaining 45 shares with a basis of $16,500. At year-end, Getaway is considering different alternatives for redeeming some shares of stock. (Round your answers to the nearest whole number. Leave no answer blank. Enter zero if applicable.)

Required: Getaway redeems 19 of Bonnies shares for $2,000. Getaway has $29,000 of E&P at year-end and Bonnie is unrelated to Clyde.

Getaway redeems 28 of Bonnies shares for $5,000. Getaway has $29,000 of E&P at year-end and Bonnie is unrelated to Clyde.

Getaway redeems 7 of Clydes shares for $2,500. Getaway has $29,000 of E&P at year-end and Clyde is unrelated to Bonnie.

A. Bonnie owns 60% before the redemption and _____% after the redemption. Does this qualify as a sale or exchange? If so, how much is the gain?

B. Bonnie owns 60% before the redemption and _____% after the redemption. Does this qualify as a sale or exchange? If so, how much is the gain?

C. Bonnie owns 40% before the redemption and _____% after the redemption. Does this qualify as a sale or exchange? If so, how much is the gain?