Lee, Brad, and Rick form the LBR Partnership on January 1 of the current year. In return for a 25% interest, Lee transfers property (basis of $15,000, fair market value of $27,500) subject to a nonrecourse liability of $20,000. The liability is assumed by the partnership. Brad transfers property (basis of $16,000, fair market value of $7,500) for a 25% interest, and Rick transfers cash of $15,000 for the remaining 50% interest. If an amount is zero, enter "0".

a. Lee's basis in his partnership interest is $

b. Lee recognizes gain of $

c. Brad's basis in his partnership interest is $

d. Rick's basis in his partnership interest is $

e. The LBR Partnership takes a basis of $ in the property transferred by Lee.