On July 1, 2012, Grey formed Arucaria Corporation. On that same date, Grey paid $100,000 cash and transferred property with an adjusted basis of $50,000 to Arucaria in exchange for 3,000 shares of the corporation's common stock. The property transferred had a fair market value of $85,000 on the date of the transfer. Arucaria Corporation had no other shares of common stock outstanding on July 1, 2012. As a result of this transaction, Grey's basis in the stock and Arucaria Corporation's basis in the property (other than the cash), respectively, are?