Henrietta transfers cash of $312,400 and equipment with a fair market value of $93,720 (basis to her as a sole proprietor, $37,488) in exchange for a 40% profit and loss interest worth $406,120. If an amount is zero, enter "0". a.  How much are Henrietta's realized and recognized gains? Realized gain: $ ________ Recognized gain: $_________ b.  What is the amount of Henrietta's basis in her partnership interest? $__________ c.  What is the partnership's basis in the contributed equipment? $__________

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