Viking Corporation is owned equally by Sven and his wife Olga, each of whom hold 100 shares in the company. Viking redeemed 75 shares of Sven's stock for $2,000 per share on December 31, 20X3. Viking has total E&P of $500,000. What are the tax consequences to Viking because of the stock redemption? No reduction in E&P because of the exchange. A reduction of $150,000 in E&P because of the exchange. A reduction of $187, 500 in E&P because of the exchange. A reduction of $375,000 in E&P because of the exchange