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0 Required information The following information applies to the questions displayed below, Marco, Jaclyn, and Carrie formed Daxing Partnership (a calendar year-end entity) by contributing

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0 Required information The following information applies to the questions displayed below, Marco, Jaclyn, and Carrie formed Daxing Partnership (a calendar year-end entity) by contributing cash 10 years ago. Each partner owns an equal interest in the partnership and has an outside basis in his/her partnership interest of $104,000. On January 1 of the current year, Marco sells his partnership interest to Ryan for a cash payment of $137,000. The partnership has the following assets and no liabilities as of the sale date: Tax Basis Cash Accounts receivable Inventory Equipment Stock investment Totals S18,000 18,000 0 12,000 69,000 81,000 180,000 225, 000 45,000 75,000 312,000 $411,000 The equipment was purchased for $240,000, and the partnership has taken $60,000 of depreciation. The stock was purchased seven years ago. d. What are Ryan's inside and outside bases in the partnership on the date of the sale? Answer is complete but not entirely correct. Inside basis Outside $ 137,000 basisS 137,000

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