3. Jones and Curry formed Major Partnership as equal partners by contributing the folle assets: Adjusted Fair Asset Cash Land basis market value $45,000 30,000 $45,000 57,000 Jones Curry The land was held by Curry as an investment, subject to a $12,000 mortgage, that assumed by Major. What is Curry's initial basis in his partnership interest? a) $45,000 b) $30,000 c) $24,000 d) $18,000