A and B form a partnership. They receive a large apartment and will spend over 1500 hours annually to renovate and manage the apartment building. They are splitting everything 50/50. A contributed $100,000, and borrowed $900,00 through non-recourse mortgage to receive the building. At the end of year 1, the partnership had the following results:

Rental Income net of expenses (not including depreciation) $20,000

Book depreciation $20,000

Tax depreciation $36,364

Cash is withdrawn by A $ 5,000

Cash is withdrawn by B $ 5,000

Compute A and Bs tax bases in the partnership at the end of year 1 and their capital accounts (book and tax).