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 Cost of goods sold Employee salaries Payroll taxes foe employees Guaranteed payments to A Operating expenses Charitable contributions Accounts payable Legal fees paid January 15, 2021 to prepare The partnership agreement $700,000 400,000 150,000 10,000 51,000 150,000 20,000 40,000 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?