Flintstone Company is owned equally by Fred and his sister Wilma, each of whom holds $2,600$ shares in the company. Wilma wants to reduce her ownership in the company, and it was decided that the company will redeem $555$ of her shares for $$32,700$ per share on December $31$ of this year. Wilma's tax basis in each share is $$8,800.$ Flintstone has current E&P of $$10,110,000$ and accumulated E&P at the beginning of the year is $$50,210,000.$

b$.$ Given your answer to part $($a$),$ what is the tax basis in the remaining $2,045$ shares Wilma owns in the company?

c$.$ By what amount does Flintstone reduce its E&P because of the redemption?