Henrietta transfers cash of $281,600 and equipment with a fair market value of $84,480 (basis to her as a sole proprietor, $33,792) in exchange for a…

Henrietta transfers cash of $281,600 and equipment with a fair market value of $84,480 (basis to her as a sole proprietor, $33,792) in exchange for a 40% profit and loss interest worth $366,080.

If an amount is zero, enter “0”.

a. Henrietta has a realized gain of $ and recognizes a gain of $.

b. Henrietta’s basis in the partnership interest is $.

c. The partnership’s basis in the equipment is $