8. Xena and Xavier form the XX LLC. Xena contributes cash of $20,000, land (basis = $25,000; fair market value $40,000), equipment (basis - S0; fair market value - $35,000), and inventory (basis = $30,000; fair market value - $40,000). Xavier contributed $120,000 of cash. How much is the partnership's basis in the land, equipment, and inventory, and how much is Xena's basis in the partnership interest? a. $25,000 land, SO equipment, $30,000 inventory; $75,000 partnership interest. b. $40,000 land, SO equipment, $30,000 inventory; $90,000 partnership interest. c. $25,000 land, $35,000 equipment, $30,000 inventory; $105,000 partnership interest. d. $40,000 land, $35,000 equipment, $40,000 inventory; $135,000 partnership interest. e. None of a through d is correct