1. A corporation with common stock outstanding declares a non-taxable dividend payable in rights to subscribe to common stock on June 30 of the current year.2. Each right entitles the holder to purchase one share of stock for $90.3. One right is issued for every share of stock owned.4. Nexsen owns 100 shares of stock purchased ten years ago for $4,500.5. At the time of the distribution of the rights, the market value of the common stock is $135 per share, and the market value of the rights is $18 per right.6. Nexsen receives 100 rights.7. On September 30, he exercises 75 of the rights and sells the remaining 25 rights for $22 per right.(If required, round your answers to two decimal places.)If Nexsen does not allocate his original stock basis to the rights, his basis of the new stock is $ .The holding period of the new stock begins on the date . The sale of the rights produces capital gain of $