Bozo the Clown contributed Clown Shoes as property under an ordinary asset as part of forming a new corporation named Bozo's Shoes, Inc., and the fair market value (FMV) of Clown Shoes is $100 and Bozo's adjusted basis (AB) in the Clown Shoes is $30. Assuming that all of the requirements of Section 351 corporate formation are met, what would Bozo's basis be in the shares that he receives as part of Section 351 corporate formation? Please explain your response.