When Bob and Kathy formed the equal KM LLC, the fair market values of their interests were each $100,000. Bob contributed $60,000 cash, equipment with a basis of $0 and a fair market value of $10,000, and a small parcel of land in which he had a basis of $50,000 and that was valued at $30,000. Kathy contributed receivable that was valued at $100,000 and in which his basis was $0.

Calculate Bob and Kathys basis in the property.