1. Two shareholder P and Q formed S-Corporation on 0/01/2017. P contributed cash 240,000 and Q contributed equipment valued at $240 ,000 and basis of 160,000. During the year

P loaned 150,000 to corpration. During the year S-Corporation incurred the following items

Sales	450,000
Cost of sales	-80,000
Depreciation Expense-Macrs	-70,000
Other expenses	-30,000
Depreciation Recapture Income	10,000
Section 179 depreciation	50,000
Section 1231 gain	20,000
Short tem capital gain	15,000
Long term capltal loss	-10,000
Charitable Contribution	-6,000

1. Calculate basis of each shareholder on 0/01/2017
2. Calculate Separately and Non Separately reported items

Calculate Basis of each shareholder at the end of year