please help with taxation question

Mary and Scott formed a partnership that maintains its records on a calendar-year basis. The balance sheet of the MS Partnership at year-end is as follows: Market Basis Value Cash Land Inventory3 $4848 84 30 48 54 $150 162 $ 7581 Scott7581 $150162 Mary At the end of the current year, Kari will receive a one-third capital interest only in exchange for services rendered. Kari's interest will not be subject to a substantial risk of forfeiture and the costs for the type of services she provided are typically not capitalized by the partnership. For the current year, the income and expenses from operations are equal. Consequently, the only tax consequences for the year are those relating to the admission of Kari to the partnership (Leave no answer blank. Enter zero if applicable. Do not round intermediate calculations.) a. Compute and characterize any gain or loss Kari may have to recognize as a result of her admission to the partnership. or loss recognized capital gain n/a Required information Mary and Scott formed a partnership that maintains its records on a calendar-year basis. The balance sheet of the MS Partnership at year-end is as follows: Fair Market Basis Value Cash Land Inventory 48 48 84 30 $150162 81 81 $150162 48 54 Mary Scott s 75 75 At the end of the current year, Kari will receive a one-third capital interest only in exchange for services rendered. Kari's interest will not be subject to a substantial risk of forfeiture and the costs for the type of services she provided are typically not capitalized by the partnership. For the current year, the income and expenses from operations are equal. Consequently, the only tax consequences for the year are those relating to the admission of Kari to the partnership. (Leave no answer blank. Enter zero if applicable. Do not round intermediate calculations.) b. Compute Kari's basis in her partnership interest Mary and Scott formed a partnership that maintains its records on a calendar-year basis. The balance sheet of the MS Partnership at year-end is as follows Fair Market Cash Land Inventory Basis Value $48 $48 84 5430 $150 162 48 Mary Scott $ 75 81 81 75 $150 162 At the end of the current year, Kari will receive a one-third capital interest only in exchange for services rendered. Kari's interest will not be subject to a substantial risk of forfeiture and the costs for the type of services she provided are typically not capitalized by the partnership. For the current year, the income and expenses from operations are equal. Consequently, the only tax consequences for the year are those relating to the admission of Kari to the partnership. (Leave no answer blank. Enter zero if applicable. Do not round intermediate calculations.) c. Prepare a balance sheet of the partnership immediately after Kari's admission showing the partners' tax capital accounts and captal accounts stated at fair market value. MS Partnership Balance Sheet Tax Basis 704(b/FMV Assets: Required information Mary and Scott formed a partnership that maintains its records on a calendar-year basis. The balance sheet of the MS Partnership at year-end is as follows: Fair Market Basis Value $48 48 84 Cash Land 48 Inventory544 $150 162 Mary 75$ 81 $150 162 Scott $15081 At the end of the current year, Kari will receive a one-third capital interest only in exchange for services rendered. Kari's interest will not be subject to a substantial risk of forfeiture and the costs for the type of services she provided are typically not capitalized by the partnership, For the current year, the income and expenses from operations are equal. Consequently, the only tax consequences for the year are those relating to the admission of Kari to the partnership (Leave no answer blank. Enter zero if applicable. Do not round intermediate calculations.) d. Calculate how much gain or loss Kari would have to recognize if, instead of a capital interest, she received a profits interest or loss as