When Kevin and Marshall formed the equal KM LLC, the fair market

values of their interests were each $100,000. Kevin 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. Marshall contributed receivable that was valued at

$100,000 and in which his basis was $0. Calculate Kevin and Marshalls basis in the property.