Jasmin purchased 100 shares of Pinkstey Corporation (publicly traded company) on January 1 of year 1 for $5,000. The FMV of the shares at the end of year 1 was $6,000. On January 1 of year 4, Pinkstey Corporation declared a 2-for-l stock split when the fair market value of the stock was $65 per share. On January 1 of year 5, Jasmin sold all of her Pinkstey Corporation stock when the fair market value was $40 per share. Which of the following statements is true?

a. Jasmin reports $6,500 in gross income for the 2-for-l stock split in year 4.

b. Jasmin s basis in the Pinkstey Corporation stock at the end of year 4 is $65 per share.

c. Jasmin has no taxable income for the Pinkstey Corporation stock in year.

d. Jasmin owns 100 shares in Pinkstey Corporation stock at the end of year 4.