On July 1, Ann received a 10% interest In the AT partnership, for past services rendered. Partnership net assets at July 1 had a basls of $140,000 and a fair market value of $200,000. What income should Ann include In her current tax retum for the partnership Interest transferred to her by the other partners? a. b. $14,000 ordinary Income. C. $20,000 ordinary income. d. $20,000 long-term capital galn