Exercise 12-5 (Algorithmic) (LO. 2, 3) Yvonne and Simon form Ion Corporation. Yvonne transfers equipment with a basis of $409,800 and fair market value of $614,700. Simon invests $491,760 of cash. They each receive 100 shares in Ion Corporation worth $491,760, but Yvonne also receives $122,940 of 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 $? In the equipment.Yvonne has a basis oh $? For her stock and Simon has a basis of $? For his stock