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Joe has 50 shares of JF Co. with a basis of S100/share. JF declares a 10% non-taxable stock diidend. The value of the shares is

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Joe has 50 shares of JF Co. with a basis of S100/share. JF declares a 10% non-taxable stock diidend. The value of the shares is $400. What is Joe's income and basis per share ? a. Joe's income = $2,000; Basis/share = $100 b. Joe's income - $500; Basis/share - $100 c. Joe's income - $0; Basis/share= $90.91 d. Joe's income = $0; Basis/share = $100

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