For each scenario, determine the amount of the contributing partners basis in the partnership interest. For each item, enter the appropriate amount in the associated cell. If the amount is zero, enter a zero (0).

Scenario Partners basis

1. Mel transferred property used in a sole proprietorship to the HIJ partnership in exchange for a one-fourth interest. The property had an original cost of $60,000, an adjusted tax basis to Mel of $40,000, and a fair market value of $55,000. The partnership has no liabilities.

2. Katie received a 20% capital interest in Cruise Associates, a partnership, in return for services rendered, plus a contribution of assets with a basis to Katie of $100,000 and a fair market value of $125,000. The fair market value of Katie's 20% capital interest was $155,000.

3. Bob acquired a 40% interest in House Partnership by contributing property with an adjusted basis of $88,000 and a fair market value of $121,000, subject to a mortgage of $55,000.

4. Charlene contributed land with a $15,000 basis and an $18,000 FMV to the REG Partnership in 2021. In 2022, the land was distributed to Jackie, another partner in the partnership. At the time of the distribution, the land had a $20,000 fair market value, and Jackie had a $30,000 basis for her partnership interest.