Two shareholder P and Q formed SCorporation on 01/01/2017. P contributed cash 200,000 and Q contributed equpment valued at $300,000 and basis of 200,000. During the year P loaned $150,000 to Scorp. During the year SCorporation incurred the following items

Sales 150,000

Cost of sales 40,000

Depreciation ExpenseMacrs 30,000

Other expenses 20,000

Depreciation Recapture Income 30,000

Section 179 depreciation 20,000

Section 1231 gain 20,000

Short tem capital gain 10,000

Long term capltal loss 8,000

Charitable Contribution 4,000

Calculate basis of each shareholder on 01/01/2017

Calculate Separately and Non Separately reported items

Calculate Basis of each shareholder at the end of year