Kele and Nova wish to form the Sioux Partnership. Kele contributes property with an adjusted basis of $$70,000,$ a fair market value of $$200,000$ that is subject to an $$80,000$ liability in exchange for $40$ percent of Sioux. Nova receives a $60-$percent interest in Sioux in exchange for providing services worth $$10,000$ and $$170,000$ cash.

If an amount is zero, enter $"0".$

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a$.$ What amount of gain or loss must Kele recognize as a result of transferring the property to the partnership?

fill in the blank $1$ of $1$$

$0$

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b$.$ What is Kele's basis in the partnership interest immediately after the formation of the partnership including allocation of partnership liabilities?

fill in the blank $1$ of $1$$

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c$.$ What is the partnership's basis in the property contributed by Kele?

fill in the blank $1$ of $1$$

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d$.$ What is Nova's basis $($after considering Kele's liability assumed by the partnership$)$ in the partnership interest immediately after the formation of the partnership including allocation of partnership liabilities?

fill in the blank $1$ of $1$$

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e$.$ How much income does Nova recognize on the exchange?

fill in the blank $1$ of $1$$