Question 33 Not yet answered Points out of 1.00 Flag question Antoinette owns 400 shares of common stock of Gertz Incorporated which she acquired on May 28, 2015, for $32120. On April 14, 2020, Antoinette received 40 shares of Gertz's common stock. The fair market value of the 40 shares on April 14, 2020, was $4672. Gertz's current E&P for 2020 was $37700. Assume that the stock dividend was a proportionate dividend and no other distribution options were available, determine Antoinette's basis in the 400 shares (old shares). [For your answer, please ignore the dollar sign and the comma.] Answer: Question 34 Not yet answered Points out of 1.00 Flag question Antoinette owns 400 shares of common stock of Gertz Incorporated which she acquired on May 28, 2015, for $26400. On April 14, 2020, Antoinette received 40 shares of Gertz's common stock. The fair market value of the 40 shares on April 14, 2020, was $3840. Gertz's current E&P for 2020 was $30100. Assume that the stock dividend was a proportionate dividend and no other distribution options were available, determine Antoinette's basis in the 40 shares (the new shares). [For your answer, please ignore the dollar sign and the comma.] Answer: