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Bonnie and Clyde are the only two shareholders in Getaway Corporation. Bonnie owns 60 shares with a basis of $3,000, and Clyde owns the

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Bonnie and Clyde are the only two shareholders in Getaway Corporation. Bonnie owns 60 shares with a basis of $3,000, and Clyde owns the remaining 40 shares with a basis of $14,000. 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. Note: Leave no answer blank. Enter zero if applicable. Required: a. Getaway redeems 10 of Bonnie's shares for $3,500. Getaway has $30,000 of E&P at year-end and Bonnie is unrelated to Clyde. b. Getaway redeems 30 of Bonnie's shares for $7,000. Getaway has $30,000 of E&P at year-end and Bonnie is unrelated to Clyde. c. Getaway redeems 9 of Clyde's shares for $4,000. Getaway has $30,000 of E&P at year-end and Clyde isfunrelated to Bonnie. Complete this question by entering your answers in the tabs below. Required A Required B Required C Getaway redeems 10 of Bonnie's shares for $3,500. Getaway has $30,000 of E&P at year-end and Bonnie is unrelated to Clyde. Note: Round your answers to the nearest whole number. Bonnie owns 60% before the redemption and Does this qualify as a sale or exchange? % after the redemption If so, how much is the gain? Required A Required B >

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