Required information Problem $7-53($LO $7-4)($Static$)[$The following information applies to the questions displayed below.$]$ Flintstone Company is owned equally by Fred and his sister Wilma, each of whom holds $1,000$ shares in the company. Wilma wants to reduce her ownership in the company, and it was decided that the company will redeem $250$ of her shares for $\backslash (\backslash$$ $25,000\backslash )$ per share on December $31$ of this year. Wilma's tax basis in each share is $\backslash (\backslash$$ $5,000\backslash ).$ Flintstone has current E$\backslash$&P of $\backslash (\backslash$$ $10,000,000\backslash )$ and accumulated E$\backslash$&P at the beginning of the year is $\backslash (\backslash$$ $50,000,000\backslash ).$ Problem $7-53$ Part b $($Static$)$ b$.$ Given your answer to part $($a$),$ what is the tax basis in the remaining $750$ shares Wilma owns in the company? Income tax basis in remaining shares