Self-Study Problem 10.2 John and Lnda form the J8L Partnership. John contnbutes cash of $ 36,000 for a 40 percent interest in the partnership. Linda contributes equipment worth $54,000 with an adjusted basis of $17,500 for a 60 percent partnership interest If an amount is none or zero, enter "O 1. What is John's recognized gain or loss on the contribution? 2. What is John's basis in his partnership interest? 3. What is Linda's recognized gain or loss on the contribution? 4. What is Linda's basis in her partnership interest? 5. What is 38L Partnership's basis in the equipment received from Linda