Facts for 13 - 15. Fred is the sole shareholder of FredCo, an S corporation. At a time when his stock basis is $30,000, the corporation distributes appreciated equipment worth $100,000 (basis of $10,000). There is no built-in gain. The distribution is the only transaction for FredCo during the year, ie, no other revenue was earned and no other expenses were incurred. How much income does Fred recognize on his 1040? $___ What is Fred's basis in his stock? $___ What is Fred's basis in the equipment? $ ___