Mark, Eva, and Rick each have a one-third interest in MER Partnership. All partners materially participate, and all capital is at risk. The adjusted basis of each of their partnership interests is $50,000.

Mark receives $9,000 cash and land with an adjusted basis of $7,000 and an FMV of $15,000.

Eva receives $10,000 cash and land with an adjusted basis of $6,000 and an FMV of $14,000.

Rich receives $7,000 cash and land with an adjusted basis of $9,000 and an FMV of $17,000.

Select the amount for each of their new adjusted bases.

a) $41,000 (Mark); $40,000 (Eva); $43,000 (Rick)

b) $34,000 each

c) $26,000 each

d) $33,000 (Mark); $32,000 (Eva); $35,000 (Rick)