$15$

$1$

Part $2$ of $3$

Required information

Problem $21-46($LO $21-4)($Algo$)$

$[$The following information applies to the questions displayed below.$]$

The Taurin Partnership $($a calendar$-$year$-$end entity$)$ has the following assets as of December $31$ of the current year:

$\backslash$table$[[,$Tax Basis,FMV$],[$Cash$,$$$45,480,$$$45,480$