At the beginning of the current year, Cari and Dan formed the CD Partnership by

transferring cash and property to the partnership in exchange for a partnership interest,

with each having a $50\%$ interest. Specifically, Cari transferred property having a $$100,000$

FMV$,$ a $$26,000$ adjusted basis, and subject to a $$10,000$ liability, which the partnership

assumed. Dan contributed $$50,000$ cash to the partnership.

What is Carl's beginning basis in the partnership at the time of contribution?

$$26,000$

$$21,000$

$$95,000$

$$11,000$