Bonnie and Clyde are the only two shareholders in Getaway Corporation. Bonnie owns 60 shares with a basis of $4,200, and Clyde owns the remaining 40 shares with a basis of $10,000. 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:

1. Getaway redeems 10 of Bonnie's shares for $4,000. Getaway has $22,000 of E&P at year-end and Bonnie is unrelated to Clyde.
2. Getaway redeems 32 of Bonnie's shares for $6,000. Getaway has $22,000 of E&P at year-end and Bonnie is unrelated to Clyde.
3. Getaway redeems 5 of Clyde's shares for $4,500. Getaway has $22,000 of E&P at year-end and Clyde is unrelated to Bonnie.