D. $128,000 James and Marge form Homerun, a C co autographed baseballs to Homerun. James purchased the baseballs for $500, and they have a total fair market value of $1,000. Marge contributes several autographed baseball bats to Homerun. Marge purchased the bats for $5,000, and they have fair market value of $7,000. What is Homerun's basis in the contributed bats and balls? 2. . James contributes several A. $0 B. $6,000 c. $5,500 D. $8,000 3. Which of the following groups may elect to file consolidated corporation return? A. A brother/sister-controlled group B. A parent corporation and all more-than-10%-controlled partnerships C. A parent corporation and all more-than-50%-controlled subsidiaries D. Members of an affiliated group ablc RCL ENC