In 2020, Alex purchased 100 shares of common stock in Acme Corporation for $4,400. In 2021, Acme declared a stock dividend of one share of its common stock for each 10 shares held. This year, Acme's common stock split 2 for 1 at a time when the FMV was $80 a share. What is Alex's basis in each of his shares of the Acme Corporation stock if both distributions were tax-free? $44 for 100 shares and $0 for all additional shares $40 for 110 shares and $0 for all additional shares $20 per share $24 per share