Below you will find a P\&L - Tax basis for Hungry Hens for the 2018, 2019 and 2020 tax years. Answer the following. Show all of your work for partial credit. You may submit an Excel file but make sure to clearly label your final answer to each of the following: 1. What is Henry and Henrietta's basis in their partnership interest on 12/31/2020 ? 2. What is Henry and Henrietta's capital account on 12/31/2020 ? 3. Are any of the distributions of cash or other property taxable to Henry or Henrietta? 4. What is the basis in the properties received on 1/1/21 and the basis in Henry and Henrietta's partnership interest after the 1/1/21 distribution? 5. What issue develops as a result of the 1/1/21 distribution and what needs to be done to remedy the situation? Below you will find a P\&L - Tax basis for Hungry Hens for the 2018, 2019 and 2020 tax years. Answer the following. Show all of your work for partial credit. You may submit an Excel file but make sure to clearly label your final answer to each of the following: 1. What is Henry and Henrietta's basis in their partnership interest on 12/31/2020 ? 2. What is Henry and Henrietta's capital account on 12/31/2020 ? 3. Are any of the distributions of cash or other property taxable to Henry or Henrietta? 4. What is the basis in the properties received on 1/1/21 and the basis in Henry and Henrietta's partnership interest after the 1/1/21 distribution? 5. What issue develops as a result of the 1/1/21 distribution and what needs to be done to remedy the situation