Unicorn and Zebra form the UZ Co., a partnership. Unicorn contributes inventory with fair market value of $650,000 and an adjusted basis of $200,000 and cash of 350,000 for a 50% interest in the partnership. Zebra contributes computers, hardware, and proprietary software with a fair market value of $1,000,000 and a tax basis of $300,000 for a 50% interest in the partnership. The computer hardware, which was purchased from IBM on credit, is subject to an equipment loan of $300,000.Please discuss the tax impact to: Unicorn, Zebra, and UZ Co. Assignment should follow APA guidelines with respect to use of subheadings, 1” margins and double spaced. Minimally 2-3 pages in length. References need to include your textbook plus two additional credible academic references. All sources used, including your textbook, must be referenced. Paraphrased and quoted material must have accompanying citations and cited per APA guidelines.Textbook:Hoffman, W., Maloney, D., Raabe, W., & Young, J. (2017). South-western federal taxation 2017: Comprehensive(40th ed.). Cincinnati, OH: South-Western, Cengage Learning. ISBN-13: 9781305874169