Hazel, Emily, and Frank, unrelated individuals, own all of the stock in Wren Corporation (Earnings And Profits (E&P) of $900,000) as follows: Hazel, one hundred (100) shares of stock; Emily, one hundred (100) shares of stock and Frank, four hundred (400) shares of stock. Wren Corporation redeems one hundred fifty (150) of Frank's shares of stock (Adjusted Basis of $60,000) for $150,000. As a result of this transaction, which of the following is correct? (a)Frank has Dividend Income of $90,000. (b)Frank has a Capital Gain of $90,000. (c)Frank has Dividend Income of $150,000. (d)Frank has a Capital Gain of $150,000