Jokan contributes a nondepreciable asset to the Mahali LLC in exchange for a one-fourth (25%) interest in the LLC's capital and profits and a 30% interest in the LLC's losses. The asset has an adjusted tax basis to Jokan and the LLC of $187,500 and a fair market value and 704(b) "book" basis on the contribution date of $337,500. The asset is encumbered by a nonrecourse note of $112,500 that has not been guaranteed by any of the LLC members.

How much of the nonrecourse debt is allocated to Jokan? $fill in the blank 1

What is the amount of Jokan's basis in the LLC interest following the contribution? $fill in the blank 2.