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Bonnie and Clyde are the only two shareholders in Getaway Corporation. Bonnie owns 60 shares with a basis of $4,500, and Clyde owns the remaining

Bonnie and Clyde are the only two shareholders in Getaway Corporation. Bonnie owns 60 shares with a basis of $4,500, and Clyde owns the remaining 40 shares with a basis of $15,000. At year-end, Getaway is considering different alternatives for redeeming some shares of stock. Evaluate whether each of the following stock redemption transactions will qualify for sale and exchange treatment. (Leave no answer blank. Enter zero if applicable.)

Required: Getaway redeems 10 of Bonnies shares for $4,500. Getaway has $32,000 of E&P at year-end and Bonnie is unrelated to Clyde.

Getaway redeems 38 of Bonnies shares for $9,000. Getaway has $32,000 of E&P at year-end and Bonnie is unrelated to Clyde.

Getaway redeems 5 of Clydes shares for $5,000. Getaway has $32,000 of E&P at year-end and Clyde is unrelated to Bonnie.

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