Henrietta transfers cash of $75,000 and equipment with a fair market value of $25,000 (basis to her as a sole proprietor, $10,000) in exchange for a 40% profit and loss interest worth $100,000.

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 $..........................