Peggy owns a twenty percent (205s) interest in the PM Partnership. Pegsy acquired her interest by contributing a Capital Asset with an Adjusted Basis of $5,000 and a Fair Market Value of $20,000. Mildred acquired her eighty percent (80%) interest in the Partnership by contributing Cash of $80,000. Soon after forming the Partnership, the Capital Asset contributed by Peggy was sold by the Partnership for $30,000. Assuming no other transactions occurred during the tax year for the Partnership, Mildred's share of the Partnership income is: $8,000 $20,000$25,000$12,500