please answer c with an explaination

When Austin Development u was formed, Michelle contributed land (value of $1,800,000 and basis of $600,000), and Chadwick contributed cash of $1,000,000 and mineral rights (value of $800,000 and basis of $720,000). Both partners received a 50% interest in partnership profits and capital a. How is the land recorded for 704(b) took capital account purposes? For 5 704(b) book capital account purposes, Austin records the land ats 1,800,000 b. What is Austin Development's tax basis in the lado 600,000 c. 1 Austin Development ses the land five years later for $2,500,000, Michelle reports 950,000 x gain and Chadwick's gainis 50,000 X