Problem 10-4 (Algorithmic) Partnership Formation (LO 10.2) Juanita contributes property with a fair market value of $42,000 and an adjusted basis of $12,600 to a partnership in exchange for a 4 percent partnership interest. If an amount is zero, enter "0". a. Calculate the amount of gain recognized by Juanita as a result of the transfer of the property to the partnership. b. Calculate Juanita's basis in his partnership interest immediately following the contribution to the partnership.