An individual who runs a solo practice agrees to merge her business with a large partnership in return for a 5% share in the partnership. The individuals solo practice has a fair market value of $500,000 and a $400,000 basis to the individual. The partnership also assumes the individuals $200,000 in liabilities related to the solo practice. What is the individuals basis in the partnership if the partnership had $3,000,000 in liabilities prior to this transaction? A. $360,000 B. $460,000 C. $550,000 D. $650,000