Thrill Ride - 4 - life Corporation has a single class of common stock outstanding. Tom owns 200 shares, which he purchased six years ago for $189,200. In the current year, when the stock is worth $1,450 per share, Thrill Ride - 4 - life declares a 10% dividend payable in common stock. On December 10 of the current year, Tom receives twenty additional shares. On January 30 of the subsequent year, he sells eight of the twenty shares for $10,800. (Complete all input fields. Enter a 0 where appropriate.) Requirement a. How much income must Tom recognize when he receives the stock dividend? Income Tom will recognize when he receives the stock dividend = Requirement b. How much gain or loss must Tom recognize when he sells the common stock? (Do not round intermediary calculations. Only round your final answer to the nearest cent. Use parentheses or a minus sign for a loss.) Amount recognized = Requirement c. What is Tom's basis in his remaining common shares? When does his holding period in the new common shares begin? (Do not round intermediary calculations. Only round the final answer to the nearest cent.) Tom's remaining common share basis = Tom's holding period in the new common shares