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please show each part! Harry and Sally formed the Evergreen partnership by contributing the following assets in exchange for a 50 percent capital and profits

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Harry and Sally formed the Evergreen partnership by contributing the following assets in exchange for a 50 percent capital and profits interest in the partnership: The land contributed by Harry was encumbered by a $20,000 recourse liability which was assumed by the partnership. Answer the following questions. Clearly show your work and label your answers. a. How much gain or loss will Harry recognize on the contribution? b. How much gain or loss will Sally recognize on the contribution? c. How could the transaction be structured a different way to get a better result for Sally? d. What is Harry's tax basis in his partnership interest? e. What is Sally's tax basis in her partnership interest? f. What is Evergreen's tax basis in its assets? Be specific. What is Evergreen's tax basis in each asset? SS Corporation is an S Corporation. SS has always been an S corporation and has no C Corporation E \& P. SS Corporation's financial records for 2023 show the following: SS Corporation has a $140,000 balance in its accumulated adjustment account (AAA) on January 1,2023. Mr. S owns 10 percent of the stock of SS Corporation. During the year he received a $1,000 dividend from the corporation. Required: A. Compute SS Corporation's book (financial accounting) income. B. Compute SS Corporation's taxable income (including both ordinary business income and separately-stated items). C. Compute SS Corporation's ordinary business income. D. Compute Mr. S's share of S Corporation's ordinary business income and separately stated items. E. If Mr. S's adjusted basis in his S corporation stock was $20,000 at the beginning of the year, compute his adjusted basis at the end of the year. Assume that SS Corporation's debt did not change during the year. F. How would your basis computation change if SS Corporation's debt at the end of the year was $50,000 more than its debt at the beginning of the year? G. Compute the ending balance (12/31/2023) in SS Corporation's accumulated adjustments account (AAA)

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