Bizrate Electronics was organized on February 22, 2018, by Jon Jones and Billy Burt. Jon contributed $270,000 cash and SBUX stocks worth $30,000 for 60% of stock, while Billy contributed $200,000 cash for 40% of the stock.

From the income statement gain on sales of stock are $4,000 and 2,500 is allocable to the investment in stock. the remainder is related to Bizrate's business who owns 20% of the outstanding stock of these corporations

From the balance sheet Capital stock $500,000

From notes to income statement, sold 500 shares SBUX stock for $35,000 On December 1, 2018. The stock had been purchased by Jon on July 1,2004 for $20,000 and was contributed by him on February 22, 2018, when it was worth $30,000. Also, on December 1, 2018 sold 100 shares of Grand View, Inc. for $2,000. The stock had been purchased on March 1, 2018 $3,000. At no time did Bizrate own more than 1% of the outstanding stock of these corporation.

From the information given: Provide calculation for Jon and Billy's basis in Bizrate's stock and the corporation 's basis in its new assets?