Question 3 2 pts At the formation of Berry Partnership, Straw contributes land with a basis of $170,000 and a fair market value of $510,000, and Rasp contributes cash of $510,000. Straw and Rasp share profits and losses equally. When the land is sold two years later for $850,000, Straw must recognize a gain of how much? O $170,000 O $510,000 $680,000 $340,000