Harry, Hermione, and Ron formed an S corporation called Bumblebore. Harry and Hermione both contributed cash of $47,000 to get things started. Ron was a bit short on cash but had a parcel of land valued at $107,000 (basis of $94,000) that he decided to contribute. The land was encumbered by a $78,500 mortgage. What tax bases will each of the three have in his or her stock of Bumblebore?