Ely and Arliani form a Partnership with Ely contributing $$60,000$ in Cash for a sixty percent $(60\%)$ interest in profits and losses. Arliani contributed investment Land with an Adjusted Basis of $$30,000$ and a Fair Market Value of $$100,000$ for a forty percent $(40\%)$ interest in profits and losses. At the contribution date, the property contributed by Arliani had a debt against it of $$60,000.$ As a result of these contributions, which of the following is correct? Group of answer choices Ely has a Capital Gain of $$6,000$ and a zero $($$$-0-)$ basis in her Partnership Interest. Ely has a basis in her Partnership Interest of $$96,000.$ Arliani has Ordinary Income of $$14,000$ and a zero basis in her Partnership Interest. Arliani has a basis in her Partnership Interest of $$20,000.$