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Clifton Corporation acquired all of the outstanding Gillion stock on January 1 , Year 1 , for $ 6 , 8 1 8 , 6

Clifton Corporation acquired all of the outstanding Gillion stock on January 1, Year 1, for $6,818,600. The parties immediately elected to file consolidated Federal income tax returns. Gillion reported a Year 1 taxable loss of $1,022,790, but it generated $1,363,720 of taxable income in Year 2 and $681,860 in Year 3. Gillion paid a $340,930 dividend to Clifton in Year 2 and a $10,228 in Year 3.
Compute Clifton's stock basis in Gillion on the last day of each of the indicated tax years.
Year 1: $fill in the blank 1
Year 2: $fill in the blank 2
Year 3: $fill in the blank 3

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