Rafael transfers the following assets to Crane Corporation in exchange for all of its stock. Assume that neither Rafael nor Crane plans to make any special tax elections at the time of incorporation.

Assets	Rafael's Adjusted Basis			Fair Market Value
Inventory	$60,000			$100,000
Equipment	150,000			105,000
Shelving	80,000			65,000

If an amount is zero, enter "0". Do not round any division in your computation.

a. Rafael's realized loss is $ 20,000 . Of this amount, $ 0 is recognized.

b. Assuming no election is made, Rafael's basis in the stock is $290,000

c. Crane's basis is $60,000 for inventory, $_______ for equipment, and $_______ for shelving.

I can't seem to figure out the cost basis for equipment or for shelving. I've tried both $150,000 & $105,000 for equipment, neither are correct. And I've tried $80,000 & $65,000 for shelving, also both are incorrect.