Individual D Contributes $15,000 Cash and Investment Land (FMV $35,000

Individual D contributes $15,000 cash and investment land (FMV $35,000 and basis $22,000) and Individual E contributes business assets (FMV $50,000 and basis $60,000) to create the new DE Partnership.Which of the following statements is accurate?

A) Both D and E have initial capital balances of $50,000.D's outside basis in his interest is $37,000 and E's outside basis in his interest is $60,000.
B) Both D and E have initial capital balances of $50,000.D's outside basis in his interest is $22,000 and E's outside basis in his interest is $60,000.
C) Both D and E have initial capital balances and outside bases in their interests of $50,000.
D) D's initial capital account balance and outside basis in his interest are $37,000 and E's initial capital account balance and outside basis in his interest are $60,000.
E) Because D and E have equal capital account balances, they must share partnership profits and losses equally.