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Sejal contributes $50,000 in cash and $120,000 in equipment to a partnership. Sejal's share of income is $15,000 for the current year. (Note: 50,000 120,000

Sejal contributes $50,000 in cash and $120,000 in equipment to a partnership. Sejal's share of income is $15,000 for the current year. (Note: 50,000 120,000 15,000 = 185,000) Assuming Sejal made no withdrawals, what is Sejal's total basis? $120,000 $185,000 $40,000 $25,000

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