Henrietta transfers cash of $281,600 and equipment with a fair market value of $84,480 (basis to her as a sole proprietor, $33,792) in exchange for a 40% profit and loss interest worth $366,080.

If an amount is zero, enter "0".

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 $