Question: 10 pts Question 22 Dried Fruit Corp, has had a valid Corp election in effect at all times since its incorporation, The Dried Fruit Corp,
10 pts Question 22 Dried Fruit Corp, has had a valid Corp election in effect at all times since its incorporation, The Dried Fruit Corp, stock is owned one-third by Raisin and two-thirds by Prune. All shareholders are US resident citizen Individuals. At the beginning of the current year, Raisin's basis in his shares was $51.000 and Prune's basis in her shares was $17.000. During the current year, Dried Fruit Corp.came $306,000 of net income from operations Raisin's share was $102,000 Prune's share was $204,000 on July 1st, Dried Fruit Corp, distributed 5136,000 to Raisin and $272,000 to Prune. How much pain does Prune recognize an a result of this transaction? 55.000 517.000 534000
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