AB Limited Partnership was formed on February 1, 2021, with individuals A and B making the following contributions: A: Cash of $100,000 B: Land (FMV $100,000, basis $80,000) A and B share profits equally. AB Limited started a service business on February 1, 2021. A is a general partner and materially participates in business. B is a limited partner. The following is a summary of 2021 operations, using the cash method of accounting: Gross sales $700,000 Cost of goods sold 400,000 Employee salaries 150,000 Payroll taxes foe employees 10,000 Guaranteed payments to A 51,000 Operating expenses 150,000 Charitable contributions 20,000| Accounts payable 40,000 Legal fees paid January 15, 2021 to prepare The partnership agreement 2,000 Based on the above information, calculate the following: A-AB Limited Partnership taxable income for 2021 B- A's basis in the partnership at February 1, 2021 and December 31, 2021. C- B's basis in the partnership at February 1, 2021 and December 31, 2021 D- The partnership basis in the land at February 1, 2021. E- What advice would you give to A and B regarding the availability of a Deduction for Qualified Business Income?