CCC Partnership borrowed $100,000 on a five-year recourse note from a local bank. It also purchased land for $60,000, putting $10,000 down and signing a qualified nonrecourse loan secured by the land for the balance. The partners' interests in partnership profits and losses are as follows: Partner Loss Profit Carol (general partner) 25% 50% Charles (limited partner) 40% 25% Charlotte (limited partner) 35% 25% How is the $100,000 recourse note allocated to the partners' bases? How is the $50,000 nonrecourse note allocated to the partners' bases? How would your answers change if Carol, Charles, and Charlotte were all general partners?