Two shareholder P and Q formed SCorporation on P contributed cash and Q contribute

equipment valued at $ and basis of P and Q are equal shareholders

During the year SCorporation incurred the following items

Sales

Cost of sales

Depreciation ExpenseMacrs

Other expenses

Section depreciation

Section gain

Short tem capital loss

Long term capltal gain

Charitable Contribution

Calculate basis of each shareholder on

Calculate Separately and Non Separately reported items

Calculate Basis of each shareholder at the end of year