Cramer Corporation and Mr. Chips formed a general partnership. Cramer contributed $500,000 cash, and Mr. Chips contributed a building with a $500,000 FMV and $300,000 tax basis. The partnership immediately borrowed $700,000 of recourse debt. What is Cramer's tax basis in its partnership interest? (2021 ed.) A. $500,000 B. $1,200,000 C. $850,000 D. $650,000 ......... I calculated $850,000 but am not confident. Thank you.