Yvonne and Simon form Ion Corporation. Yvonne transfers equipment (basis of $470,000 and fair market value of $705,000). Simon invests $564,000 of cash. They each receive 100 shares in Ion Corporation, worth $564,000, but Yvonne also receives $141,000 in cash from Ion. Calculate Ion Corporation's basis in the equipment and determine Yvonne and Simon's basis in the Ion stock. Ion Corporation has a basis of $ basis of $ in the equipment. Yvonne has a basis of $ for his stock. for her stock and Simon has a