Please answer both questions for a positive rating. Thank you in advance.

Frank and Bob are equal members in Soxy Socks, LLC. When forming the LLC, Frank contributed $41,000 in cash and $41,000 worth of equipment. Frank's adjusted basis in the equipment was $26,000. Bob contributed $41,000 in cash and $41,000 worth of land. Bob's adjusted basis in the land was $39,000. On 3/15/X4, Soxy Socks sells the land Bob contributed for $69,000. How much gain (loss) related to this transaction will Bob report on his X4 return? Multiple Choice $28.000 O $42.000. O () $16,000. $44,000. O Sue and Andrew form SA general partnership. Each person receives an equal interest in the newly created partnership. Sue contributes $11,000 of cash and land with a FMV of $56,000. Her basis in the land is $21,000. Andrew contributes equipment with a FMV of $13,000 and a building with a FMV of $34,000. His basis in the equipment is $9,000, and his basis in the building is $21,000. How much gain must the SA general partnership recognize on the transfer of these assets from Sue and Andrew? Multiple Choice $0. O $4,000 O $48,000. S52,000 $52,000. O