Exercise 13-34 (Algorithmic) (LO. 5) Mira and Lemma are equal owners of an entity. Each contributed $66,000 cash to the entity. In addition, the entity obtains a loan of $264,000. The profits for the year are $79,200. Determine Mira and Lemma's basis at the end of the period assuming the entity is a partnerships, a C corporation, or a S corporation a. If the entity is a partnership, Mira and Lemma each have a basis of at the end of the year. at the end of the year b. If the entity is a C corporation, Mira and Lemma each have a basis of at the end of the year. c. If the entity is an S corporation, Mira and Lemma each have a basis of