A and B form a partnership during the year. Each contributes $35,000 in cash. They share capital and profits 50-50. They share losses 70-30 respectively. The partnerships balance sheet was as follows on Dec. 31. The FMV and basis of all the assets are the same

Cash 25,000 Debt 45,000

Receivables 15,000 A Capital 35,000

Equipment 75,000 B Capital 35,000

In computing their basis in their partnership interest how much debt will A and B include if the debt is non-recourse