Hucklebee Partners had the following balance sheets at December 31:

Marci is a 40 partner in the partnership.
None of the partnership's assets constitute inventory or unrealized receivables. She is considering selling her interest in the partnership to Carla, an unrelated partner.

a. What is an appropriate selling price for Marci’s interest in the partnership?

b. Assume Marci and Carla agree on a selling price of $90,000. How much gain or loss will Marci recognize?

c. What will be Carla’s basis in her partnership interest?

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Cash Property 1 Property 2 Property 3 TOTAL ASSETS Liabilities Capital, Marci Capital, Amy Capital, Angela TOTAL LIABILITIES & CAPITAL Basis 30,000 115,000 125,000 130,000 400,000 150,000 100,000 75,000 75,000 400,000 FMV 30,000 125,000 170,000 50,000 375,000 150,000 90,000 67,500 67,500 375,000