Foreman Corporation has recently purchased all of the stock of Dumbass, Inc. in April 2018. Dumbass only does business in Nevada. Foreman decides to make a section 338 election on its purchase. Foreman paid $600,000 in cash for Dumbass, Inc. At the date of the purchase, Dumbass had rental payments due of $40,000, accounts payable of $28,000, and other debts of $12,000. The tax basis of all of Dumbasss assets was $95,000. What will be the sales price of old Dumbasss assets and the new basis in the assets to new Dumbass (rounded to nearest 1,000)?

a. $680,000 and $680,000

b. $585,000 and $680,000

c. $836,000 and $680,000

d. $836,000 and $836,000