Munchen Corporation distributed all of its property in a Liquidation. Landstul, a shareholder, received $700 in Cash and Land with a Fair Market Value of $6,000 which was acquired by the corporation as an investment for $1,000. The Adjusted Basis of Landstul's stock surrendered by her was $4,500. What is Landstul's basis in the Land received in the Liquidation? $4,500. $6,000. $1,000. $5,200. QUESTION 18 Dionne Corporation has one hundred (100) shares of stock outstanding. It redeems forty (40) shares of stock for $200,000 at a time when its Earnings And Profits (E&P) are $200,000. What would be the reduction in Earnings And Profits (E&P) of Dionne Corporation as a result of this redemption? (Assume that the redemption qualifies as a Stock Redemption under section 302(b)) $ 80,000. $200,000. $100,000. $ 20,000.