Roscoe contributes a personal use asset with an adjusted basis of $15,000 and a fair market value of $28,000 on the contribution date. Determine if any gain or loss is recognized and the basis under the following circumstances. a. Roscoe contributes the asset to a sole proprietorship. b. Roscoe contributes the asset to a partnership for 10% interest. c. Roscoe contributes the asset to a corporation for 25% interest. (Assume § 351 control requirement is satisfied.)