Required information The following information applies to the questions asplayed below? Aaron, Deanne, and Keon formed the Blve Bell Geneeal Partnership at the begining of the current year Aaron and Deanne each contributed \$110,000, and Keon transforred an ocre of undeveloped land to the pertnership. The land had a tax basis of $70,000 and was apprased at $180,000. The tand was asso encumbered with o $70,000 nonrecourse mongage for which no one was personely lable, All three parthers agreed to splt profits and losses equaly. At the end of the fint year, Bue Bell made a $7,000 principal poyment on the morigoge. For the first year of operations, the partiership records disciosed the following information Required: a. Compute the adjusted bavs of each partrers interest in the partnerskip immedimely afier the formation of the partnersila. b. List the sepotate items of partnership income, gains, losses, and deductions that the parners must show on their individual income taxreturns that include the resuls of the partherships first year of operations a. What are the partners adjutled bases in their parthership interests at the end of the first year of coperations? Complete this question by entering your anwwers in the tabs below. Compute the afjusted bass of each partners interest in the partsership inmes asely aher the formstian of the parthershy