Carla, Linda, and Terry form a partnership. Carla contributes machinery (that was purchased in 2006 and has an adjusted basis of $45,000 and a fair market value of $70,000) in return for a 35% interest in capital and profits. Linda contributes land (that was purchased in 2006 for $30,000) in return for 40% interest in capital and profits. Terry contributed services in return for the remaining 25% interest in capital and profits. Determine the basis and return effects for each partner.