Skip to question$[$The following information applies to the questions displayed below.$]$Bedrock Incorporated is owned equally by Barney Rubble and his wife Betty, each of whom holds $1,240$ shares in the company. Betty wants to reduce her ownership in the company, and it was decided that the company will redeem $620$ of her shares for $$25,300$ per share on December $31$ of this year. Betty$$s tax basis in each share is $$6,450.$ Bedrock has current E&P of $$10,170,000$ and accumulated E&P$$at the beginning of the year of $$50,930,000.$a$.$ What are the amount and character $($capital gain or dividend$)$ recognized by Betty as a result of the stock redemption, assuming only the $$substantially disproportionate with respect to the shareholder$$ test is applied?$$