USE THE FOLLOWING INFORMATION FOR QUESTIONS 1-4. Rip and Dot crested the RD Partnership. Rip contributed cash of $10,000 and property with a baals of $5,000 and a fair market value of $50,000, for a 60% Interest. Dot contributed $20,000 cash and rendered legal and financial services worth $20,000, for a 40% interest. 1. What is the gain recognized to the partnershtp as a result of these contributions? $0. $ 20,000 $ 45,000. $100,000. a 2 What is the amount of gain or crdinary Income recognized by Rip and Dot, respectively? a $0;$0. b. $60,000;$40,000. $45,000; $20,000 $0; $20,000. What is the basis of the property (excluding cash) to the partnership? $5,000 $45,000. $50,000 $0. 3. a