Required Information [The following Information applies to the questions displayed below.] Aaron, Deanne, and Keon formed the Blue Bell General Partnership at the beginning of the current year. Aaron and Deanne each contributed $110,000, and Keon transferred an acre of undeveloped land to the partnership. The land had a tax basis of $70,000 and was appraised at $180,000. The land was also encumbered with a $70,000 nonrecourse mortgage for which no one was personally llable. All three parthers agreed to split profits and losses equally. At the end of the first year, Blue Bell made a $7,000 principal payment on the mortgage. For the first year of operations, the parthership records disclosed the following information: Requlred: a. Compute the adjusted basis of each parther's Interest in the partnership Immedlately after the formation of the partnership. b. List the separate items of partnershlp Income, gains, losses, and deductions that the partners must show on their Individual Income tax returns that include the results of the parthership's first year of operations. d. What are the parthers' adjusted basis In their partnership interests at the end of the first year of operations? Complete this question by entering your answers in the tabs below. What are the partners' adjusted basis in their partnership interests at the end of the first year of operations? Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount