Harry and Zelda decided to form the HAZ partnership. Harry contributes $30,000 in cash and equipment with a fair market value (FMV) of $20,000. Harry's adjusted basis in the equipment was $12,000. Zelda contributes $10,000 cash and land with a FMV of $40,000. Her tax basis in the land is $15,000. Select the correct set of amounts for (1) Harry's initial partnership basis, (2) Zelda's initial partnership basis, and (3) the partnership's initial basis in the contributed assets (equipment and land).

a) $50,000; $50,000; $60,000

b) $50,000; $50,000; $27,000

c) $42,000; $25,000; $27,000

d) $42,000; $25,000; $60,000