Enter problem statement appropriate input type, and other instructions here. Ray contributes and with a fait market value of $100.000 and a tax basis of $40,000 for a 1/3 merest in a partnership Susan contributes cash of $200,000 for a 2/3 interest in the partnership 2 years later the partnership sells the contributed land to a third party for $400.000. What gain or loss will the partnership allocate to Ray and Susan on the sale of the land ? A. Ray is located $100,000: Susan is allocated $200,000 OB Ray is allocated $120.000Susan is located $240,000 OC. Ray is allocated $180,000. Susan is allocated $180.000 D. Ray is alocated $100,000: Susan is allocated $200.000