WhaleCo acquired all of the common stock of MinnowCo early in year 1 for $900,000, and MinnowCo immediately elected to join WhaleCo's consolidated Federal income tax return. As part of the takeover, WhaleCo also acquired $300,000 of MinnowCo bonds. The results of MinnowCo for the first few years of the group operations were reported as follows: Determine WhaleCo's basis in its MinnowCo common stock as of the end of each tax year:

		Operating Gain or Loss		Stock Basis	Excess Loss
1		$100,000		$	$
2		(800,000)		$	$
3		(600,000)		$	$