Enter problem statement appropriate input type, and other bution here Jack and form a general partnership Jack contributes a building with a fair markant we of 600,000 and a fax basis of $700.000 for a 60 capital and profitenterest in the partnership performs services with a value of $400,000 and receives a 40 capital and profits interest in the partnership. What amount of gain, loss or income must each partner recognize on the transaction? OA Jack cognizes no gain or low, Jill recogni $400,000 of ordinary income OB Jack recognizes a $100.000 il recognize $400,000 of ordinary income OC. Neither Jackor recognire any info OD. Jack recognizes 100.000 Jogo como low