Solo receives stock in Cup Corp. worth $$10,000$ in exchange for property he transferred with FMV of $$10,000$ and tax basis of $$5,000.$ The transfer qualifies under IRC Sec $351.$ What is Solo's basis in his stock? and What is Cup Corp's basis in the property?

$$10,000$ and $$5,500$

$$5,000$ and $$10,000$

$$5,000$ and $$5,000$

$$10,000$ and $$10,000$