Emily, Jacob, and Carol form a partnership. Emily and Jacoby give equipment and a building, respectively. Carol agrees to perform all of the accounting and office work in exchange for a 10% interest. Partnership % 45% Emily's equipment Jacob's building Carol's services FMV $200,000 $100,000 $0 Basis $ 115,000 $ 60,000 45% SO 10% 11. Basis of Emily in partnership Basis of Jacob in partnership Basis of Carol in partnership