Required information Problem 18-46 (LO 18-3) [The following information applies to the questions displayed below.) Hoosier Corporation declared a 2-for-1 stock split to all shareholders of record on March 25 of this year. Hoosier reported current E&P of $600,000 and accumulated E&P of $3,000,000. The total fair market value of the stock distributed was $1,500,000. Barbara Bloomington owned 1,000 shares of Hoosier stock with a tax basis of $100 per share. (Leave no answer blank. Enter zero if applicable.) Problem 18-46 Part b b. What is Barbara's income tax basis in the new and existing stock she owns in Hoosier Corporation, assuming the distribution is tax-free? Income tax basis per share