Bedrock inc. is owned equally by barney rubble and his wife betty, each of whom hold 1,400 shares in the company. betty wants to reduce her ownership in the company, and it was decided that the company will redeem 700 of her shares for $25,200 per share on december 31 of this year. betty’s income tax basis in each share is $6,800. bedrock has current e& p of $10,470,000 and accumulated e& p of $50,550,000. a. what is the amount and character (capital gain or dividend) recognized by betty as a result of the stock redemption, assuming only the "substantially disproportionate with respect to the shareholder" test is applied?