Harriet, Herm, and Ronde formed an S corporation called Innovet. Harriet and Herm both contributed cash of $29,500 to get things started. Ronde was a bit short on cash but had a parcel of land valued at $71,600 (basis of $59,000) that he decided to contribute. The land was encumbered by a $42,100 mortgage. What tax bases will each of the three have in his or her stock of Innovet? Harriet Herm Rondel Tax Basis