Check my work 6 ! Required information [The following information applies to the questions displayed below.] Part 4 of 5 When High Horizon LLC was formed, Maude contributed the following assets in exchange for a 25 percent capital and profits interest in the LLC: 10 points Fair Market Value Basis Skipped Maude: Cash Land Totals $ 20,000 100,000 $ 120,000 $ 20,000 360,000 $ 380,000 eBook *Nonrecourse liability secured by the land equals $160,000. James, Harold, and Jenny each contributed $220,000 in cash for a 25 percent profits and capital interest. (Leave no answer blank. Enter zero if applicable.) Print References d. What is High Horizon's tax basis in its assets? Tax basis