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Bonnie and Clyde are the only two shareholders in Getaway Corporation. Bonnie owns 6 0 shares with a basis of $ 7 , 3 0

Bonnie and Clyde are the only two shareholders in Getaway Corporation. Bonnie owns 60 shares with a basis of $7,300, and Clyde owns the remaining 40 shares with a basis of $16,000. 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 $6,000. Getaway has $28,000 of E&P at year-end and Bonnie is unrelated to Clyde.
b. Getaway redeems 25 of Bonnie's shares for $12,000. Getaway has $28,000 of E& at year-end and Bonnie is unrelated to Clyde.
c. Getaway redeems 6 of Clyde's shares for $6,500. Getaway has $28,000 of E&P at year-end and Clyde is unrelated to Bonnie.
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Required A
Required C
Getaway redeems 10 of Bonnie's shares for $6,000. Getaway has $28,000 of E&P at year-end and Bonnie is unrelated to Clyde.
Note: Round your answers to the nearest whole number. .
\table[[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?]]
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