Question 14 of 75. OOOO Jayce and Cooper are equal partners in J&C Raccoon Hats. Jayce contributed $15,000 in cash, and Cooper contributed Inventory with a fair market value of $15,000 and an adjusted basis of $12,000. Which of the following statements about this partnership is TRUE? Jayce's basis in the partnership is $15,000 and Cooper's is $12.000, Jayce and Cooper each have a basis in the partnership of $15,000. Jayce will have a larger share of the profits than Cooper Cooper will have a larger share of the profits than Jayce. Mark for follow up