Problem 14-41 (LO. 3) Donna owns 800 shares of common stock in Macaw Corporation (adjusted basis of $40,000). She receives a 5% stock dividend when the stock is selling for $60 per share. If an amount is zero, enter "0". Round the per share amount to the nearest cent. a. How much gross income must Donna recognize because of the stock dividend? 0 Feedback Check My Work In the case of nontaxable stock dividends, the allocation depends on whether the dividend is a common stock dividend on common stock or a preferred stock dividend on common stock. b. What is Donna's per-share basis for her 840 shares of stock? Her total basis is $ 40,000 and her per share basis is $ 47.62