Harry, Hermione, and Ron formed an S corporation called Bumblebore. Harry and Hermione both contributed cash of $28,900 to get things started. Ron was a bit short on cash but had a parcel of land valued at $69,500 (basis of $57,800) that he decided to contribute. The land was encumbered by a $40,600 mortgage. What tax bases will each of the three have in his or her stock of Bumblebore?