5. At the formation of the BD Partnership, Betty contributes land with a basis of $10,000 and an FMV of $30,000 and Dick contributes cash of $30,000. Betty and Dick share profits and losses equally (50% each). When the land is sold two years later for $50,000, Betty must recognize a gain of a. $10,000. b. $20,000. c. $30,000. d. $40,000