Of the 125,000 shares of common stock issued by Vey Corp., 25,000 shares were held as treasury stock at December 31, 20X4. During 20X5, transactions involving Vey's common stock were as follows:January 1 through October 31 − 13,000 treasury shares were distributed to officers as part of a stock compensation plan. November 1- A 3 for-1 stock split took effect. December 1 - Vey purchased 5,000 of its own shares to discourage an unfriendly takeover. These shares were not retired. At December 31, 20X5, how many shares of Vey's common stock were issued and outstanding?a. 375,000 334,000.b. 375,000 324,000.c. 334,000 334,000.d. 324,000 324,000.

James jones is the owner of a small retail business operated as a sole proprietorship. during 2017, his business recorded the following items of income and expense: revenue from inventory sales $ 147,000 cost of goods sold 33,500 business license tax 2,400 rent on retail space 42,000 supplies 15,000 wages paid to employees 22,000 payroll taxes 1,700 utilities 3,600 compute taxable income attributable to the sole proprietorship by completing schedule c to be included in james’s 2017 form 1040. compute self-employment tax payable on the earnings of james’s sole proprietorship by completing a 2017 schedule se, form 1040. assume your answers to parts a and b are the same for 2018. further assume that james's business is not a service business, and that it has $155,000 unadjusted basis in tangible depreciable property. calculate james's 2018 section 199a deduction.