Required information Problem 7-46 (LO 7-3) (The following information applies to the questions displayed below.) Part 3 of 3 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.) points Problem 7-46 Part Print c. Will Hoosier adjust its E&P for the stock dividend? Yes O No