Required information Problem 18-53 (LO 18-4) (Algo) [The following information applies to the questions displayed below] Flintstone Company is owned equally by Fred and his sister Wilma, each of whom holds 1,700 shares in the company Wilma wants to reduce her ownership in the company, and it was decided that the company will redeem 395 of her shares for $25,700 per share on December 31 of this year. Wilma's tax basis in each share is $5,450. Flintstone has current E\&P of $10,230,000 and accumulated E,&P at the beginning of the year is $50,490,000. Problem 18.53 Part a (Algo) What are the amount and character (capital gain or dividend) recognized by Wima because of the stock redemption, assuming only he "substantially disproportionate with respect to the shareholder" test is applied