Problem: Jimmy purchased 1,000 shares of Adco on 6/23/2020 for $25 per share. During the time he owned the stock, he received $1,900 in dividends that resulted in an additional 60 shares of stock. For 2021, Jimmy received a 1099-DIV statement for taxable capital gains of $460. What is the adjusted basis of the stock?
a) $25,000
b) $27,360
c) $26,900
d) $25,460