IV. OWNERSHIP BASIS On January 1, 2018, Ricky contributed $150,000 cash for a 75% ownership interest in Talladega Company. During the year, Talladega produced a $50,000 profit, made distributions to the owners of $10,000 $7,500 was to Ricky). and had $60,000 in liabilities at December 31 Required: Determine Ricky's basis in her ownership interest at December 31 under the assumptions below. (Hint: remember that Ricky is only a 75N owner). Show your computations for partial credit Talladega is organized as a general partnership Talladega is organized as a C corporation Talladega is organized as an S corporation