Need the answer to the first part of part E. Please show work. Thank you.

Trusty Corporation has a single class of common stock outstanding. Jim owns 200 shares, which he purchased for $50 per share two years ago. On April the current year, Trusty distributes to its common shareholders one right to purchase for $60 one common share for each common share owned. At the ti the distribution, each common share is worth $75, and each right is worth $15. On September 10, Jim sells 100 rights for $2,000 and exercises the remai 100 rights. On November 10, he sells for $80 each 60 of the shares acquired through exercise of the rights. Read the requirements Amount of income 0 Character of income n/a Requirement b. What are the amount and character of gain or loss Jim recognizes upon selling the rights? (Round all intermediary calculations to two decimal places and your final answer to the nearest cent. Enter a "0" for a zero amount. If the amount is zero, select "n/a" in the character column.) Jim Amount of gain Character of gain or loss or loss long-term capital $ 1,166.67 gain Requirement c. What are the amount and character of gain or loss Jim recognizes upon exercising the rights? (Enter a "0" for a zero amount. If the amo is zero, select "n/a" in the character column.) Jim Amount of gain or Character of gain loss or loss 0 n/a Requirement d. What are the amount and character of gain or loss Jim recognizes upon selling the newly acquired common shares? (Round all intermediary calculations and your final answer to the nearest cent. Enter a "O" for a zero amount. If the amount is zero, select "n/a" in the character column.) Jim Amount of gain Character of gain or loss or loss short-term capital $ 700.20 gain Requirement e. What basis does Jim take in his remaining shares? (Enter your answers to the nearest cent.) Jim's basis in his original 200 shares is Jim's basis in his remaining shares purchased with the rights is 11066.53