Lilah owns 400 shares and Juliet owns 600 shares of Inc (LJI) stock. Lilah's basis in her shares is $ 4,000 ($10 per share) Juliet's basis in her shares is $9,000 ($15 per share ) On July 1, 2019 LJI pays a 15% stock dividend to Lilah and Juliet Lilah receives 60 shares and Juliet receives 90 shares. Each of these shares is worth $25. Lji has $1,000,000 of E&P What amount of dividend income does Lilah report on her 2019 tax return and what is her total tax basis tax basis in her 460 shares of LJI? A. Lilah reports $1500 of dividend income and has a tax basis of $4000 in her shares B. Lilah reports $1500 of dividend income and has a tax basis of $5500 in her shares C. Lilah reports no dividend income and has a tax basis of $5500 in her shares D. Lilah reports no dividend income and has a tax basis of $4000 in her shares In 2019. Roni, Inc (RU) had $ 6,000,000 of taxable income from its retail cosmetics business RI also generated a long term capital gain of $2,000,000 and a short term capital loss of $ 2,500,000 What is Ri's 2019 taxable income ? O A. $6,000,000 OB. $5,997,000 O C. $5,500,000 OD. $8,000,000 Eva contributes land ( capital asset) with a fair market value of $400,000 and a tax basis of $600,000 for 300 shares of EJ Corp. and a note for $100,000 Josie contributes a warehouse with a fair market value of $800,000 and a tax basis of $200,000 The warehouse is subject to a mortgage of $500,000 which is assumed by EJ Corp. Josie receives 300 shares of EJ Corp. What tax basis does EJ Corp have in the land and warehouse? O A. Land $400,000 and warehouse $500,000 O B. Land $600,000 and warehouse $200,000 O C. Land $400,000 and warehouse $200,000 OD. Land 5600,000 and warehouse $ 500,000