Problem $18-53($LO $18-4)($Static$)$

$[$The following information applies to the questions displayed below$]$

Flintstone Company is owned equally by Fred and his sister Wilma, each of whom holds $1,000$ shares in the company Wilma wants to reduce her ownership in the company, and it was decided that the company will redeem $250$ of her shares for $$25,000$ per share on December $31$ of this year. Wilma's tax basis in each share is $$5,000.$ Flintstone has current E&P of $$10,000,000$ and accumulated E&P at the beginning of the year is $$50,000,000$

Problem $18-53$ Part b $($Static$)$

b$.$ Given your answer to part $($a$),$ what is the tax basis in the remaining $750$ shares Wilma owns in the company?

Income tax basis in remaining shares

$$,3,750,000$