PC:9-39 (similar to) Question Help Review the following independent situations: (Click the icon to view the independent situations.) Requirement What is Jane's basis for her partnership interest in each of the independent situations? The partners share the economic risk of loss from recourse liabilities according to their partnership interests. (Use parentheses or a minus sign for subtractions. If an input field is not used in the table, leave the input field(s) empty. Do not select a label or enter a zero.) Situation a. Jane receives her 30% partnership interest for a contribution of property having a $12,000 basis and a $20,000 FMV. The partnership assumes her $6,000 recourse liability but has no other debts. Basis before adjustments Minus: Plus: Partnership interest basis