Which of the following is correct concerning Stock Dividends? O Preferred stock received as a Common Stock Dividend is not taxable if distributed proportionately among the common stockholders O Common stock received as a Preferred Stock Dividend is not taxable if distributed proportionately among the preferred stockholders O Common stock received as a Preferred Stock Dividend is not taxable even if not distributed proportionately among the preferred stockholders O Preferred stock received as a Common Stock Dividend is not taxable even if not distributed proportionately among the common stockholders QUESTION 33 Shunnar Corporation has available Earnings And Profits (E & P) of $50,000. It distributes Land worth (Fair Market Value) $5,000 (Adjusted Basis of 58.000) Sara, individual shareholder. The Land is subject to a mortgage of $2,000 which Sasha assumes. Sasha has a Taxable income (Dividends at: $2,000. O $5,000 $3,000 O $1,000