Required information or 3 The following information applies to the questions displayed below lintstone Company is owned equally by Fred Stone and his sister Wilma, each of whom hold 2.900 shares in the company. Wilma wants to reduce her ownership in the company, and it was decided that the company will redeem 630 of her shares for $26,600 per share on December 31 of this year. Wilma's income tax basis in each share is $6,350. Flintstone has current E&P of $10,830,000 and accumulated E&P of $50,070,000. a. What is the amount and character (capital gain or dividend) recognized by Wilma as a result of the stock redemption, assuming only the substantialy disproportionate with respect to the shareholder" test is applied? eBook Print eferences b. What is Wilma's income tax basis in the remaining 2,270 shares she owns in the company? tax basis in remaining shares ences