Kevan, Jerry, and Dave formed Albee LLC. Jerry and Dave each contributed $245,000 in cash. Kevan contributed the following assets: Kevan cash, Basis $15,000, Fair Market Value $15,000, Land Basis $120,000, Fair Market Value $440,000, Totals $135,000, $445,000. No recourse liability secured by the land equals $210,000. Each member received a one-third capital and profits interest in the LLC. a. How much gain or loss will Jerry, Dave, and Kevan recognize on the contributions?