Three individuals form Skylark Corporation with the following contributions: Cliff, cash of $50,000 for 50 shares; Brad, Land worth $20,000 (basis of $20,000 ) for 20 shares; and Ron, cattle worth $9,000 (basis of $7,000 ) for 9 shares and services worth $21,000 for 21 shares. Ron's basis in his atock is 527,000. Hradh banis in his slock is 520,000 Rog's basis in his stack is 56,000 . These trans fers are fully taxable and not subject to S 15I. None of the other choices are correct. Three individuals form Skylark Corporation with the following contributions: Cliff, cash of $50,000 for 50 shares; Brad, Land worth $20,000 (basis of $20,000 ) for 20 shares; and Ron, cattle worth $9,000 (basis of $7,000 ) for 9 shares and services worth $21,000 for 21 shares. Ron's basis in his atock is 527,000. Hradh banis in his slock is 520,000 Rog's basis in his stack is 56,000 . These trans fers are fully taxable and not subject to S 15I. None of the other choices are correct