1.In year 2007, Andrew contributes equipment with an adjusted basis of $20,000 and a FMV of $18,000 to Construction Limited Partnership (CLP) in return for a 3% limited partnership interest. Andrew's share of CLP income and losses for the year were as follows:
Interest........$ 500
Dividends ......$ 300
Capital Gains ......$ 900
Ordinary Loss .....$(4,325)
CLP had no liabilities. What is Andrew's initial basis, allowed losses, and ending at-risk amount?