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In 2 0 0 2 Mary purchased 1 0 shares of Acorn Corporation common stock for $ 1 0 0 . In 2 0 0

In 2002 Mary purchased 10 shares of Acorn Corporation common stock for $100. In 2005 Mary purchased an additional 10 shares of Acorn Corporation common stock for $200. At the end of 2007, Acorn Corporation declared a 2 for 1 common stock split. What is Mary's total basis in her Acorn Corporation common stock? a)$600; b)$400; c)$500; d)$300

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