Pennypincher Corporation has 1,500 shares of stock outstanding owned by the following taxpayers

Shareholder	Shares Owned
Mr. Penny	500
Mrs. Penny (Mr. Penny's wife)	240
John (they Penny's son)	180
Buddy Penny (Mr. Penny's brother)	200
P & P Partnership (Mr. Penny is a 20% partner)	100
PPP Corporation (Mr. Penny is a 30% shareholder)	280

a) Determine Mr Penny's stocks owned for purposes of the Internal Revenue Code Section 302(b)(2)) redemption provision?

b) Determine the stocks owned by the PPP Corporation for purposes of the Internal Revenue Code Section 302(b)(2) provision?

c) Under what conditions can Mrs Penny get redemption treatment under Internal Revenue Code Section 302(b)(3) for the redemption of the 10 share actually owned?