On January 1, 2010, Mary transferred cash off $9,000 and land worth $44,000 (basis to her, $23,000) to the Partnership in exchange for a 25% profit/loss interest. For calendar 2010, JKL had a net profit of $160,000. Mary received a cash distribution of $27,000. What gain or loss, if any, did Mary recognize on January 1, 2010? What is her basis in her interest in JKL on January 1? How much income from JKL does she report on her personal 2010 return? What is her basis in her interest in JKL on December 31, 2010?