Exercise $18-23($Algorithmic$)($LO$.1,2)$ Yvonne and Simon form Ion Corporation. Yvonne transfers equipment with a basis of $\backslash (\backslash$$ $377,600\backslash )$ and fair market value of $\backslash (\backslash$$ $566,400\backslash )$ to Ion Corporation. Simon invests $\backslash (\backslash$$ $453,120\backslash )$ of cash. They each receive $100$ shares in Ion Corporation worth $\backslash (\backslash$$ $453,120\backslash ),$ but Yvonne also receives $\backslash (\backslash$$ $113,280\backslash )$ in cash from Ion. Calculate Ion Corporation's basis in the equipment and determine Yvonne and Simon's basis in the Ion stock. Ion Corporation has a basis of $\backslash ($ q $\backslash )$ in the equipment. Yvonne has a basis of $\backslash (\backslash$$ $\backslash )$ for her stock and Simon has a basis of $\backslash (\backslash$$ $\backslash )$ for his stock.