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Question 22 10 pts Dried Fruit Corp. has had a valid Corp election in effect at times since its incorporation. The Dried Fruit Corp stock
Question 22 10 pts Dried Fruit Corp. has had a valid Corp election in effect at times since its incorporation. The Dried Fruit Corp stock is owned one-third by Raisin and two thirds by Prune. Al hareholders are US resident i ren individuals. At the beinning of the current year, Raisin's basis in his shares was $18,000 and Prune's basis in bertures was $16.000 During the current year, Dried Fruit Corp earned $288,000 of net income from operation Rain's share was $96.000 Prunes share was $192.000 on July 1st. Dried Fruit Corp distributed $128.000 to Raisin and $256.000 to Prune. How much pain does Prune reconnue as a result of this transaction OSO 16000 $33000
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