Whitehall Corporation has a single class of common stock outstanding. Mick owns $200$ shares, which he purchased six years ago for $$189,000.$ In the current year, when the stock is worth $$1,350$ per share. Whitehall declares a $5\%$ dividend payable in common stock. On December $10$ of the current year, Mick receives ten additional shares. On January $30$ of the subsequent year, he sells seven of the ten shares for $$11,000.$

Read the requirements.

$($Complete all input fields. Enter a $0$ where appropriate.$)$

Requirement a$.$ How much income must Mick recognize when he receives the stock dividend?

Income Mick will recognize when he receives the stock dividend$=$

Requirement b$.$ How much gain or loss must Mick 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 Mick'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.$)$

Mick's remaining common share basis $=$

Mick's holding period in the new common shares