m #15 of 29 Chris and Bao, brothers, each own 300 shares in Toucan Corporation (E & P of $700,000). Pelican Partnership owns the remaining 400 shares of stock in Toucan Corporation, and Bao has a 25% interest in Pelican Partnership. Toucan Corporation redeems 200 shares of Bao's stock for $140,000. Bao paid $150 a share for the stock five years ago. With respect to the redemption: a. Bao has dividend income of $140,000. b. Bao has a long-term capital gain of $140,000. Oc. Bao has dividend income of $110,000. Ord. Bao has a short-term capital gain of $140,000. Oe. Bao has a long-term capital gain of $110,000.

a. Boo has dividend income of $140,000. b. Bes has a long term capital gain of 5140,000 . c. Bao has dividend income of $130,000. d. beo has a short-term cap4al gain of $140,000 - Eac has a lang-term capral gan of $110,000 A. Bao has dividend incore of $140,000. b. Dao has a long-term capital gain of 5140.000 : C. Bao has dividend incbitie of 5110,000. d. Gen has a thot term capital gain of 5140,000 e. Bas has a long-cerm capetal gain of $130,000