Prob 3 A, B and C own stock of Randall Corporation (E & P $1,000,0000) as follows: A owns 400 shares, B owns 500 shares and owns 1100 shares, Randall redeems 600 shares for $400,000. paid $2 per share Calculate the effect on C for this redemption Pre Redemption Post Red 400 500 500 1100 500 2000 1400 400 B Prob 3 A, B and C own stock of Randall Corporation (E & P $1,000,0000) as follows: A owns 400 shares, B owns 500 shares and owns 1100 shares, Randall redeems 600 shares for $400,000. paid $2 per share Calculate the effect on C for this redemption Pre Redemption Post Red 400 500 500 1100 500 2000 1400 400 B