a. 16. Al contributes $10,000 cash and land worth $90,000 to ABC partnership solely in exchange for a 30% interest in ABC. Alls basis in the land is $70,000. Al's basis in his partnership interest and ABC's basis in the land are: $80,000 and $70,000, respectively. b. $70,000 and $70,000, respectively. $100,000 and $90,000, respectively. d. $100,000 and $100,000, respectively. None of the above. c. e