Gale, Jones and Sawyer are to be equal general partners in the GJS partnership. Sawyer transferred land with an adjusted basis of $297,000 and a FMV of $750,000 to the partnership. At the time of transfer, the land was encumbered by a $510,000 recourse debt, which had been incurred seven (7) years earlier. Jones contributed cash of $250,000 and Gale contributed cash of $230,000 to the partnership. a. What is GJS's inside basis in the land? b. What is Sawyer's capital account balance and her outside basis in her partnership interest? c. What is Jones' capital account balance and his outside basis in his partnership interest? d. What is Gale's capital account balance and his outside basis in his partnership interest? e. What amount of gain or loss, if any, must Sawyer recognize as a consequence of the above transfer