Paul and Kyle form PK partnership. Paul contributes land worth $100,000 (575,000) in exchange for a 50% interest in PK. Kyle contributes $23,000 cash, his personal automobile worth $17,000 (basis of $32,000), and machinery worth 560,000 (basis of 537,000) in exchange for a 50% interest in PK. How much gain or loss do Paul, Kyle, and PK recognize from the transfer? What is Paul's basis in his partnership interest? What is Kyle's basis in his partnership interest? What is PK's basis in the assets it acquired on the transfer