On March 13, 20 Ty Pi and Sarah formed Picture Perfect Gene Partnership This p photy tributest by each part When it wn famed -Toy-cash of $3,000 inventory with an FMV and thesis of $5000 and a building with an 13 of $22.000 and add has of $10.000 nally the building we secured by a $10.000 monrecourse mortgen Peter-cash of $5,000, aunts payable of $12.000 recourse debt for which each partner becomes equally responsible, and land with an TV of $27,000 and tax heels of $20.000 Sarah-cash of $2.000, accounts receivable with an FMV and tee basis of $1.000, and equipment with an FMV of $40,000 and adjusted basis of $3.500 Sarah also contributet a $23.000 nonmecourse note puryatile secured by the equipment. What is each partner's outside basis, and how much gain loss) must the partners recognize in 2009, when Picture Perfect was formed?