Henrietta transfers cash of $273,200 and equipment with a fair market value of $81,960 (basis to her as a sole proprietor, $32,784) in exchange for a 40% profit and loss interest worth $355,160 in a partnership.

a. Henrietta has a realized gain of $______ and recognizes a gain of $______.

.

b. Henrietta's basis in the partnership interest is $______..

c. The partnership's basis in the equipment is $______.

.