Ann, Joe, and James (who is a limited partner) formed the AJJ Partnership, and they each contributed $50,000 cash. The partnership purchased a building and land for $201,000, using cash and a recourse debt for $126,000. Select the economic risk of loss for (1) Ann, (2) Joe, and (3) James.

a) $50,000; $50,000; $50,000

b) $75,500; $75,500; $50,000

c) $67,000; $67,000; $67,000

d) $25,500; $25,500; $ 0