Harry & Sally formed the Evergreen partnership by contributing the following assets in exchange for 50% capital and profits interest in the partnership:

Please answer the following two questions.

Required information Harry and Sally formed the Evergreen partnership by contributing the following assets in exchange for a 50 percent capital and profits interest in the partnership: Fair Market Basis Value Harry: Cash is 39,999 $ 39,999 Land 166,666 126,666 Totals $136,666 $ 156,666 Sally: Equipment used in a business 266,666 156,666 Totals $299,999 $ 159,999 (Leave no answer blank. Enter zero if applicable.) 9. Prepare a tax basis balance sheet for the Evergreen partnership showing the tax basis capital accounts for the partners. Equipment Land Totals 35 0 Capital: Capital-Harry CapaLSaHy Totals 35 0 What is Harry's 704{b} capital account balance immediately after formation? Numeric Response