Wonne and Simon form Ion Corporation. Yvonne transfers equipment with a basis of $372,000 and fait market value of $558,000 to ion Comoration, Simon invests $446,400 of cash. They each receive 100 shares in Ion Corporation worth $446,400, but vonne also receives $111,600 in cash from ton. Calculate Ion Corporatlon's basis in the equipment and determine Yvonne and simon's basis in the ion stock. Ion Corporation has a basis of 5 in the equipment. Wonne has a basis of 4 for her stock and simon has a basis of for his stock