Extra Credit 2 assignment In each of the following independent situations, determine if the redemption of shares will be treated as an exchange or as a distribution. For s ituations 1 -2, the ownership of a corporation is: Andy Barb Cindy 100 shares 200 shares 200 shares Situation: The corporation redeems 50 shares of stock held by Andy Situation 2: The corporation redeems 50 shares of stock held by Cindy Situation 3: Same basic facts except Barb and Cindy are mother and daughter. Cindy will redeem 150 shares of stock. To answer this be sure to first review the "Attribution Rules discussion in Chapter 18 of the textbook. Situation 4: Refer to the facts of situation 2. Corporate E&P is S100,000. Cindy's tax basis in her shares is S1,000,000 (S5,000 per share). She receives $800,000 in exchange for her 50 redeemed shares. IGNORING the "correct" answer, would Cindy PREFER that the redemption be classified as a distribution or as an exchange