Mark is a Radiologist and maintains a radiology practice (X-Ray). Jennifer is an information systems specialist and has created a computer program for the administration and operation of a radiology office. The two have decided to come together to create the X-Rays Software Partnership. The for-profit partnership was organized under the state laws on January 7, 2020. Mark and Jennifer each receive 50/50 common actions from X-Rays by contributing the following assets to the new corporation: Shareholder Property Tax Base Market Value Mark Building $100,000 $275,000 Cash 50,000 50,000. Mortgage Payment (debt) 25,000 25,000 Jennifer Computer Program 20,000 200,000 License 5,000 80,000 Cash 40,000. 35,000