IPM IncAnd Zeta Company Formed IPeta Inc

IPM Inc.and Zeta Company formed IPeta Inc.by transferring business assets in exchange for 1,000 shares of IPeta common stock.IPM transferred assets with a $675,000 FMV and a $283,000 adjusted tax basis and received 600 shares.Zeta transferred assets with a $450,000 FMV and a $98,000 adjusted tax basis and received 400 shares.Determine IPM and Zeta's tax basis in their IPeta stock and IPeta's aggregate tax basis in the transferred assets.

A) IPM's basis $283,000; Zeta's basis $450,000; IPeta's basis $733,000
B) IPM's basis $283,000; Zeta's basis $98,000; IPeta's basis $381,000
C) IPM's basis $675,000; Zeta's basis $450,000; IPeta's basis $1,125,000
D) None of the above