Gina McCoy is a shareholder in Webster \& Foghorn, Inc. Missouri Valley Corporation enters into a reorganization transaction that is partial merger and partial buyout of Webster \& Foghorn and its shareholders. Missouri Valley Corporation offers the shareholders o Webster \& Foghorn one share of Missouri Valley plus $20 for each share of Webster \& Foghorn owned. The value per share of Missouri Valley stock is $70 per share. Gina McCoy owns 1,000 shares of Webster \& Foghorn and her basis per share is $75. What is the basis (total) of Gina's newly acquired Missouri Valley stock? SEE TOPIC 8 NOTES AND HANDOUT. DO NOT USE COMMAS OR DOLLAR SIGNS IN YOUR