Ruth formed an equal profit and loss Partnership with Joyce by contributing Land that had an Adjusted Basis of $50,000 and a Fair Market Value of $45,000. Ruth also contributed $35,000 in Cash to the Partnership. Joyce contributed Land that had an Adjusted Basis of $56,000 and a Fair Market Value of $85,000. The Land contributed by Ruth had a debt against it of $19,000 and the Land contributed by Joyce had a debt against it of $29,000. Assuming no other transactions, the basis of Ruth's Partnership Interest immediately after the Partnership formation was: O $104,500. $100,000. O $ 90,000. $ 85,000. A