Mavis, Sierra, and Julie, sisters own 100 shares, 100 shares and 200 shares respectively in 2. Orange Corporation. Orange Corporation has E&P of $150,000. The corporation redeems 60 shares of Julie's stock for $60,000. Julie paid $250 a share for the stock five years ago. With respect to the redemption: Julie has LTCG of 45,000 Julie has LTCG of 60,000 a. b. Julie has dividend income of 60,000 Julie has dividend income of 45,000 C. d. None of the above Answer e