Yvonne and Simon form Ion Corporation. Yvonne transfers equipment (basis of $435,000 and fair market value of $652, 500). Simon invests $522,00 of cash. They each receive 100 shares in Ion Corporation, worth $52,000, but Yvonne also receives $130, 500 in cash from Ion. Ion Corporation has a basis of $ in the equipment. Yvonne has a basis of $ for her stock and Simon has a basis of $ for his stock