El Toro Corporation declared a common stock dividend to all shareholders of record on June 30, 20X3 Sharcholders will receive 3 shares of El Toro stock for each share of stock they already own. Raoul owns 300 shares of El Toro stock with a tax basis of S60 per share. The fair market value of the El Toro stock was $100 per share on June 30, 20X3 a. What are the tax consequences of the stock dividend to Raoul? b. What is Raoul's new tax basis in each share of stock? What is Raoul's total tax basis in his stock after the stock split