2. Mark and Jodi formed an equal partnership on August 1 of the current year. Mark contributed $25,000 cash and land with a basis of $5,000 and a fair market value of $10,000. Jodi contributed equipment with a basis of $23,000 and a value of $35,000. Jodi's tax basis in her interest is $23,000; Mark's tax basis is $30,000.