Able, Baker, and Charlie organized F Corp. with authorized voting common stock of $$100,000.$ Able received $10\%$ of the capital stock in payment for the organizational services that he rendered for the benefit of the newly formed corporation. Able did not contribute property to F Corp and was under no obligation to be paid by Baker or Charlie.

Baker transferred property with a FMV of $$20,000$ and an adjusted basis of $$5,000$ for $20\%$ of the stock in F Corp.

Charlie transferred property with a FMV of $ $70,000$ and an adjusted basis of $ $60,000$ for $70\%$ of the stock in F Corp.

What is Able's basis in his stock in F Corp.?