receives a 60 -percent interest in Sioux in exchange for providing services worth $10,000 and $170,000 cash. If an amount is zero, enter " 0 ". a. What amount of gain or loss must Kele recognize as a result of transferring the property to the partnership? $ Feedback Check My Work b. What is Kele's basis in the partnership interest immediately after the formation of the partnership including allocation of partnership liabilities? $ x Feedback Check My Work c. What is the partnership's basis in the property contributed by Kele? : x Feedback Check My Work $ x Feedback Check My Work e. How much income does Nova recognize on the exchange? $ x