Falzone Company has two sharcholders, Rita and Sal Corporation. Rita acquired her $300$ shares in $2016$ for $$30,000,$ and Sal Corporation acquired its $200$ shares in $2020$ for $$15,000.$ On August $2,2023,$ Falzone Company sold one of its businesses, which it had held since $2016.$ Due to this sale, Falzone Company redeemed $50$ shares from each shareholder in exchange for $$20,000$ each. At the time of the redemption, Falzone's E&P was $$250,000.$ What are the tax consequences of this transaction to Rita and Sal Corporation?