Required information [The following information applies to the questions displayed below.] Bedrock Incorporated is owned equally by Barney and his wife Betty, each of whom holds 500 shares in the company. Betty wants to reduce her ownership in the company, and it was decided that the company will redeem 250 of her shares for $32,600 per share on December 31 of this year. Betty's tax basis in each share is $9,750. Bedrock has current E&P of $10,290,000 and accumulated E&P of $50,380,000. b. Given your answer to part (a), what is the tax basis in the remaining 250 shares Betty owns in the company? Income tax basis in remaining shares