On July 1, 2022, Grey formed PuzzleMajik Corporation. On that same date, Grey contributed $100,000 cash and transferred property with an adjusted basis of $60,000 to PuzzleMajik in exchange for 3,000 shares of the corporation's common stock. The property transferred had a fair market value of $75,000 on the date of the transfer. PuzzleMajik Corporation had no other shares of common stock outstanding on July 1, 2022. As a result of this transaction, what are Grey's basis in the stock and PuzzleMajik Corporation's basis in the property (other than the cash), respectively