Yes or No$?$ Owen Corp. has $2,000$ shares of common stock outstanding. Cindy owns $800$ of these shares and Mike owns $1,200.$ Mike$$s total basis in his $1,200$ shares is $$80,000.$ Owen has $$1,000,000$ of accumulated E&P as of the beginning of the year, and is profitable this year. Assume that Owen redeems $420$ shares of Mike$$s stock during the year for $$160,000.$ Mike seeks to determine if the redemption qualifies for sale treatment as a disproportionate redemption under Section $302($b$)(2).$ Would Mike pass the $50\%$ test under Section $302($b$)(2)?$