Prob 3 A, B and Cown stock of Randall Corporation (E & P $1,000,0000) as follows: A owns 500 shares, B owns 400 shares and C owns 1600 shares. Randall redeems 300 shares of C for $250,000. C paid $2 per share What is the effect of redemtion on C. Same as above except Randall redeems 1400 shares for 400,000