On July $1,$ Rebekah contributed $$8,000$ and property with an adjusted basis of $$8,500$ and a fair marhet value of $$14,000$ for a $25\%,$ share of $ hape Up$,$ a business organized as a partnership. What is Rebekah's beginning tax capital account balance, and what is her book caphal accoumt balance?

Tax capital account, $$8,000$; book capital account, $$8,500.$

Iax capital account, $$8,500$; book capital account. $$14,000.$

Tax capital account, $$16,500$; book capital account, $522000.$

Tax capital account. $$22\mathrm{.}000$; book capitat account. $$16\mathrm{.}500.$