What are the tax consequences to Euclid from the following independent events? in your computation, do not round intermediate division. If required, round the per share answer to two decimal places Round all other answers. to the nearest dollar. Euclid bought 500 shares of common stock five years ago, for $74,000. This year, Euclid receives 20 shares of common stock as a nontaxable stock dividend. As a result of the stock dividend, Euclid's per share basis is F Assume instead that received a nontaxable preferred is distributed, has affair market value of 20 shares. The preferred stock has a fair market value of $7, 400 and the common stock, on which the preferred is distributed, has a fair market value of $111,000. Do not round intermediate division. After the receipt of the stock dividend, the basis of the preferred stock is, and the basis of the common stock is