Hal, Steve, and Lew form a partnership to operate a grocery store. For each of the following contributions by the partners, indicate (1) the amount of income or gain recognized, if any, by the partner, and (2) the partner's basis in the partnership interest immediately after the contribution.

If an amount is zero, enter "0". Do not round your intermediate computations.

a. Hal contributes property with a basis of $45,000 and subject to a $75,000 liability to the partnership for a one-third partnership interest worth $105,000. The partnership assumes the liability.

Income or gain recognized:	$
His basis in the partnership interest:	$

b. Steve contributes property with a basis of $25,000 and a fair market value of $105,000 to the partnership for a one-third partnership interest.

Income or gain recognized:	$
His basis in the partnership interest after considering the liability assumed by the partnership in part (a):	$

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c. Lew performs services valued at $105,000 for the partnership for his one-third interest in the partnership.

Income or gain recognized:	$
His basis in the partnership interest after considering the liability assumed by the partnership in part (a):