Required information Problem 20-42 (LO 20-2) (Algo) [The following information applies to the questions displayed below] When High Horizon LLC was formed, Maude contributed the following assets in exchange for a 25 percent capital and profits interest in the LLC: Maude: Cash Land Totals Basis $ 27,750 125,500 $ 153,250 Fair Market value $ 27,750 413,500 $ 441,250 "Nonrecourse liability secured by the land equals $198,000 Hiro, Harold, and Sofiya each contributed $243,250 in cash for a 25 percent profits and capital interest. Note: Leave no answer blank. Enter zero if applicable. Problem 20-42 Part b (Algo) b. What is Maude's tax basis in her LLC interest? Tax basis