a) To acquire a 1/3 interest in the Tree LLC (a partnership), on January 1 of this year David contributed some land he held for investment. He purchased the land for $120,000. Unfortunately, the land decreased in value and was only worth $90,000 on the date of contribution. A few years later. Tree LLC sells the land for $84.000. At the beginning of that year, David's capital account was $200,000. 1. Compute the gain or loss to Tree LLC when it sold the land 2. Compute the capital account for David immediately after the sale