Aaron, Deanne, and Keon formed the Blue Bell General Partnership at the beginning of the current year. Aaron and Deanne each contributed $$122,000,$ and Keon transferred an acre of undeveloped land to the partnership. The land had a tax basis of $$71,800$ and was appraised at $$192,000.$ The land was also encumbered with a $$71,800$ nonrecourse mortgage for which no one was personally liable. All three partners agreed to split profits and losses equally. At the end of the first year, Blue Bell made a $$8,200$ principal payment on the mortgage. For the first year of operations, the partnership records disclosed the following information:

$\backslash$table$[[$Sales revenue,$$488,000$

$\backslash$table$[[$Description$,,,$Total,,Keon,,Aaron,,Deanne$],[$Ordinary business income $($loss$),$$$,$$$,0,$$$,0$$$,$$$,0$$$,$$$,0ox$