Nick and Chris form a new LLC called ABCO and elect to be treated as a partnership. Nick contributes $7,000 in cash while Chris contributes a building worth $10,000 but adjusted basis of only $5,000. Chris also contributes a liability associated with the building of $3,000. What will be ABCO's inside basis in the building? A. $2,000 B. $10,000 C. $5,000 D. $8,000