Exercise 18-23 (Algorithmic) (LO. 1, 3) Yvonne and Simon form Ion Corporation. Yvonne transfers equipment (basis of $461,600 and fair market value of $692,400). Simon invests $553,920 of cash. They each receive 100 shares in Ion Corporation, worth $553,920, but Yvonne also receives $138,480 in cash from Ion. Calculate Ion Corporation's basis in the equipment and determine Yvonne and Simon's basis in the lon stock in the equipment. Yvonne has a basis of $ for her stock and Simon has a Ion Corporation has a basis of $ basis of $ for his stock