#4 (4 points) Assume the same facts as problem # 1. Further assume that at the beginning of Rockies' taxable year, Courtney had an outside basis in her partnership interest of $140,000 and book capital account of $200,000. A. B. Determine each Courtney's share of taxable income and separately stated items. Determine Courtney's outside basis and capital account at the end of the year. Problem #1 (4 points): Debbie, Eli, and Fred form an equal partnership (DEF). They contributed the following assets: Debbie contributes equipment (FMV-$3,000; basis $3,000); goodwill (FMV = $5,000; basts $0); accounts receivable (FMV $1,000, basis $0). Debbie has held the equipment for two years and generated the goodwill in her sole proprietorship business, which she has operated for 10 years. Eli contributes cash of $3,000; Whiteacre (FMV $4,000; basis = $10,000); and Greenacre (FMV = $2,000; basis $500). Eli has held the properties for 3 years prior to contribution. Fred contributes cash of $7,000 and Blackacre (FMV = $2,000; basis = $1,000). Fred held Blackacre for 6 months prior to contribution