Exercise 12-5 (Algorithmic) (LO. 2, 3) Yvonne and Simon form Ion Corporation. Yvonne transfers equipment (basis of $174,600 and fair market value of $261,900 ). Simon invests $209,520 of cash. They each receive 100 shares in Ion Corporation, worth $209,520, but Yvonne also receives $52,380 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 of $ stock and Simon has a basis of $ for his stock