When Padgett Properties LLC, was formed, Nova contributed land (value of $376,500 and basis of $94,125) and $188,250 cash, and Oscar contributed cash of $564,750. Both partners received a 50% interest in partnership profits and capital. a. How is the land recorded for 704(b) book capital account purposes? For 704(b) book capital account purposes, Padgett records the land at $ ___ . b. What is Padgetts tax basis in the land? $ ___ c. If Padgett sells the land several years later for $564,750, Nova reports a $ ___ gain and Oscars gain is $ ___ .