Rondo and his business associate, Larry, are considering forming a business entity called R&L$,$ but they are unsure about whether to form it as a C corporation, an S corporation, or an LLC taxed as a partnership for tax purposes. Rondo and Larry would each invest $$170,000$ in the business. Thus, each owner would take an initial basis in his ownership interest of $$170,000$ no matter which entity type is formed. Shortly after the formation of the entity, the business borrowed $$54,000$ from the bank. If applicable, this debt will be shared equally between the two owners.

a$.$ After taking the loan into account, what is Rondo's tax basis in his R&L stock if R&L is formed as a C corporation?