Question 19 of 75. Haille, Lauryn, and Camee formed HLEC, a general partnership, as equal partners. Haille contributed $55,000 cash. Lauryn contributed $25,000 cash and property with an adjusted basis of $25,000 and a FMV of $35,000. Camee contributed property with an adjusted basis of $43,000 and a FMV of $55,000. The partnership made $90,000 in ordinary income for the year and there were no cash or property distributions. What is Hallie's ending tax capital account? $55.000 $85,000 $88.446 $103,333 Mark for follow up Betty and Alan each own 25% of partnership BAB. on October 15, 2017, Betty sells her interest to Bob, who is a 50% partner. When does the partnership terminate? October 15, 2017 October 16, 2018 January 31, 2018 The partnership does not terminate. Mark for follow up