Please provide full, legible answers to all questionsas well as an explanation.

Ron do and his business associate, Larry, are considering forming a business entity called REL but they are unsure about whether to form it as a C corporation, an S corporation, or an LLC taxed as a partnership. Rondo and Larryr would each inyest $250 in the business. Thus, each owner would take an initial basis in his ownership interest of $250 no matter which entityr type is formed. Sh only after the formation of the entity, the business borrowed $30,901:} from the banlt. If applicable, this debt will be shared equallyr between the two owners. a. After taking the loan into account, what is Rondo's tax basis in his RL stock if RSaL is formed as a C corporation?