Yogi and Sally form ABC Corporation. Yogi transfers equipment (basis of $373,400 and fair market value of $560,100). Sally invests $448,080 of cash. They each receive 100 shares in ABC Corporation, worth $448,080, but Yogi also receives $112,020 in cash from ABC Corporation.

1.) ABC Corporation has a basis of how much in the equipment?

2.) Yogi has a basis of how much for his stock and Sally has a basis of how much for her stock.?