The one hundred (100) shares of outstanding Common Stock of Florence Corporation are owned by Napoli and Pisa. Napoli owns forty-five (45) shares and Pisa owns fifty-five (55) shares. The shareholders acquired their stock in 2020 and neither shareholder is related to the other. Each shareholder has a basis in her stock of $100 per share. During the tax year of 2021, Napoli sold fifteen (15) of her shares of stock back to Florence Corporation for $10,000. Assuming that Florence Corporation has substantial Earnings And Profits (E&P), how will Napoli be taxed on the Redemption of her stock? O Long-Term Capital Gain of $10,000. Dividend Income of $8,500. Dividend Income of $10,000. Long-Term Capital Gain of $8,500. QUESTION 20 Pursuant to a Complete Liquidation, Rosetta Corporation distributes to its shareholders Land with a basis of $350,000 and Fair Market Value of $1,200,000. The Land is subject to a liability of $1,000,000. As a result of the distribution, which of the following is correct? Rosetta Corporation has a Gain of $200,000. Rosetta Corporation has a Gain of $850,000. Rosetta Corporation has no Gain. Rosetta Corporation has a Gain of $650,000.