In the Current Year, Jessie Formed an Equal Partnership with Beatrice.Jessie

In the current year, Jessie formed an equal partnership with Beatrice.Jessie contributed land with an adjusted basis of $80,000 and a fair market value of $135,000.Jessie also contributed $75,000 cash to the partnership.Beatrice contributed land with an adjusted basis of $125,000 and a fair market value of $130,000.The land contributed by Jessie was encumbered by a $80,000 nonrecourse debt.Assume the partners share debt equally.Immediately after the formation, the basis of Jessie's partnership interest is:

A) $75,000.
B) $115,000.
C) $155,000.
D) $195,000.
E) None of the above.