The Madison Restaurant was formed a S corporation at the end of last year. Bob Buron,

owns $30\%$ of the stock, manages the restaurant. Ray Huges owns the remaining $70\%$

of the stock. Mr$.$ Buron contributed $$30,000$ of cash and services worth $$5,000$

to start the $S$ corporation. Mr$.$ Huges contributed property with a cost to him of

$$50,000$ and a fair market value of $$65,000$ to also start the S Corp.

What is Mr$.$ Burton's stock basis at the end of the year?

What is Mr$.$ Huges' stock basis at the end of the year?

Again show computations!

Again show computations!

If the S Corporation has an ordinary loss for the next year of $$250,000,$

how much can $Mr.$ Buron deduct?

NEED HELP WITH QUESTION $3,4$ AND $5$