Required information [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: "Nonrecourse liability secured by the land equals $177,500 Hiro, Harold, and Sofiya each contributed $221,250 in cash for a 25 percent profits and capital interest. Note: Leave no answer blank. Enter zero if applicable. (1) Required information