Yang, Jane, and Li incorporated YJL Corp. Yang transferred equipment (FMV = $60,000, basis = $55,000) in exchange for 25% of YJL Corp.s stock (FMV = $50,000) and $10,000 cash. Jane transferred land (FMV = $110,000; basis = $80,000) in exchange for 50% of YJL Corp.s stock (FMV = $100,000) and $10,000 cash. Li contributed $50,000 cash in exchange for 25% of YJL Corp.s stock (FMV = $50,000). Assume YJL Corp. is a controlled corporation of Yang, Jane, and Li.

What is Yangs basis in YJL Corp. stock?