bruce and sarah form a general partnership. each person receives an equal interest in the newly created partnership. bruce contributes $25,000 of cash and land with a fmv of $85,000. his basis in the land is $50,000. sarah contributes equipment with a fmv of $54,000 and a building with a fmv of $63,000. her basis in the equipment is $38,000, and her basis in the building is $46,000. how much gain must the general partnership recognize on the transfer of these assets from bruce and sarah?