Here is Question $34$ written out:Question $34$Milano Corporation has two hundred $(200)$ shares of outstanding Common Stock which are owned by three $(3)$ unrelated individuals as follows: Padova owns one hundred twenty $(120)$ shares, Vicenza owns sixty $(60)$ shares and Torino owns twenty $(20)$ shares. During the year of $2024,$ Milano Corporation redeemed $($as a qualifying Stock Redemption$)$ forty $(40)$ shares of stock from Vicenza for $$60,000.$ Milano Corporation had Earnings And Profits $($E&P$)$ before the Redemption of $$100,000.$ As a result of this Redemption, the Earnings And Profits $($E&P$)$ of Milano Corporation will decrease by:Let me know if you want help solving it too!