Exercise 4-23 (Algorithmic) (LO. 1, 2) Yvonne and Simon form Ion Corporation. Yvonne transfers equipment (basis of $394,400 and fair market value of $591,600). Simon invests $473,280 of cash. They each receive 100 shares in Ion Corporation, worth $473,280, but Yvonne also receives $118,320 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 $ basis of $ in the equipment. Yvonne has a basis of $ for his stock. for her stock and Simon has a