**need help with B, D, E

share for each common share owned. At the time of the distribution, each common share is worth $85, and each right is worth $40. On September 10 , Shaun sells 110 rights for $4,500 and exercises the remaining 110 rights. On November 10 , he sells for 565 each 66 of the shares acquired through exercise of the rights. of the rights Requirements a. What are the amount and character of income Shaun recognizes upon receiving the rights? b. What are the amount and character of gain or loss Shaun recognizes upon selling the rights? c. What are the amount and character of gain or loss Shaun recognizes upon exercising the rights? d. What are the amount and character of gain or loss Shaun recognizes upon selling the newly acquired common shares? e. What basis does Shaun take in his remaining shares