Bonnie and Clyde are the only two shareholders in Getaway Corporation. Bonnie owns 64 shares with a basis of $3,200, and Clyde owns the remaining 36 shares with a basis of $10,500. At year-end, Getaway is considering different alternatives for redeeming some shares of stock. (Round your answers to the nearest whole number.)

Part A.

Getaway redeems 13 of Bonnies shares for $4,500. Getaway has $23,000 of E&P at year-end and Bonnie is unrelated to Clyde.

Bonnie owns 64% before the redemption ? % after the redemption.

Does this qualify as a sale or exchange? If so how much is the gain?

Part B.

Getaway redeems 29 of Bonnies shares for $7,000. Getaway has $23,000 of E&P at year-end and Bonnie is unrelated to Clyde.

Bonnie owns 64% before the redemption ? % after the redemption.

Does this qualify as a sale or exchange? If so how much is the gain?

Part C.

Getaway redeems 6 of Clydes shares for $5,000. Getaway has $23,000 of E&P at year-end and Clyde is unrelated to Bonnie.

Cylde owns 36% before the redemption ? % after the redemption. Does this qualify as a sale or exchange? If so how much is the gain?