Jane Maxwell contributes land to a partnorstip in 20x5 in which she has a 50 percunt interest in profits and losses. The land had been used as a personal hunting preserve and will now be used to store surplus equpment used by the partnerahip. Jane purchased the land in 201 for $500.000 when the value of land was at its peak. At the time of the contribution, the land was appraised at $350,000. What is the bask to the partnership of the property for calculating gain and calculating loss if the land is sold in 209 ? Carcsoso,000: los5150000 Cin 5500,000- Lon 3350,000 Gin, 53S0.000. Losk $500000 6in$500,000 Los $500000