Partnership Formation (LO 10.2) Sioux in exchange for providing services worth $10,000 and $170,000 cash. If an amount is zero, enter "0". a. What amount of gain or loss must Kele recognize as a result of transferring the property to the partnership? b. What is Kele's basis in the partnership interest immediately after the formation of the partnership including allocation of partnership liabilities? c. What is the partnership's basis in the property contributed by Kele? $70,00 $ e. How much income does Nova recognize on the exchange? x