Harry, Hermione, and Ron formed an S corporation called Bumblebore. Harry and Hermione both contributed cash of $34,000 to get things started. Ron was a bit short on cash but had a parcel of land valued at $83,400 (basis of $68,000) that he decided to contribute. The land was encumbered by a $49,400 mortgage. What tax bases will each of the three have in his or her stock of Bumblebore? Tax Basis Harry Hermione Ron