Question: I AM NEEDING HELP FIGURING OUT THE CAPITAL GAIN AMOUNTS AND THE DIVIDEND INCOME FOR BOTH GRACE AND FRANK!! I need help figuring the dollar

I AM NEEDING HELP FIGURING OUT THE CAPITAL GAIN AMOUNTS AND THE DIVIDEND INCOME FOR BOTH GRACE AND FRANK!! I need help figuring the dollar amounts where the ? (Question Marks) are. Thanks!!

Since Garnet Corporation was formed five years ago, its stock has been held as follows: 525 shares by Frank and 175 shares by Grace. Their basis in the stock is $350,000 for Frank and $150,000 for Grace. As part of a stock redemption, Garnet redeems 125 of Frank's shares for $175,000 and 125 of Grace's shares for $175,000. Round any division to six decimal places. Round your final answer to the nearest dollar.

a. What are the tax consequences of the stock redemption to Frank and Grace? Grace has a recognized long-term capital gain of $___?___ and Frank has dividend income of $___?____.

b. How would the tax consequences to Frank and Grace be different if, instead of the redemption, they each sold 125 shares to Chuck (an unrelated party)? Carry out any division to seven decimal places. Then round your answer to the nearest dollar. Grace will have a recognized long-term capital gain of $___?___, and Frank will have a recognized long-term capital gain of $___?____.

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