Fact Pattern Happy Inc. is a calendar year corporation. Happy Inc. had accumulated earnings and profits of $100,000 and no current earnings and profits when it distributed a total of $160,000 to its two equal shareholders, Betty and Bob. On the date of the cash distribution, Bettys basis in her Happy Inc. stock was $20,000 and Bobs basis in his Happy Inc. stock was $30,000. 18. What is Bobs adjusted basis in his EFG Inc. stock after the distribution? a. 0. b. $5,000. c. $15,000. d. none of the above