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Nelson and Raul form an equal partnership. Nelson contributes land with a fair market value of $45,000 and Raul contributes $45,000 cash. The partnership agreement

Nelson and Raul form an equal partnership. Nelson contributes land with a fair market value of $45,000 and Raul contributes $45,000 cash. The partnership agreement provides that all partnership items be shared equally. Nelson purchased the land for $22,500. Five years later, the partnership sells the land for $65,000. Complete the   table to reflect the tax and book gain allocated to each partner after the sale


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