BigTel Inc., has been the only provider of telephone service for over a century. The courts have declared BigTel is an unlawful monopoly and orders the company to break into smaller, competing companies. Owners of BigTel stock will retain their shares of BigTel (now smaller) and receive shares of three new companies: East-Tel, Cent-Tel, and West-Tel. Which of these is a tax consequence that could occur for this break up of BigTel and the receipt of the new shares