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Dennis, Suzy, and Katherine form a partnership. Denis and Suzy give equipment and a building, respectvely Katherine agrees to perform all of the accounting and

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Dennis, Suzy, and Katherine form a partnership. Denis and Suzy give equipment and a building, respectvely Katherine agrees to perform all of the accounting and office work in exchange for a 10% interest. Suzy's building Katherine's services $122,500 $17,s00 $122,500 $70,e00 45% 45% 10% a. What amount of gain, if any, do each of the partners recognize? b. What is the basis for each partner in his or her partnership interest? c. What is the basis to the partnership of each asset? Complete this question by entering your answers in the tabs below. cognize? What amount of gain, If any, do e ain

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