1. Samantha receives a proportionate operating distribution when the basis of her partnership interest is $100,000. Her distribution includes cash of $120,000, inventory (FMV = $60,000; basis = $45,000), and equipment (FMV = $16,000; basis $20,000). Samantha's marginal tax rate is 32% and her long-term capital gains tax rate is 15%. a. How much gain or loss does Samantha recognize? __________________ (Gain / Loss) b. What is Samantha's tax liability/benefit on the distribution? __________________ (Liability / Benefit) c. What is Samantha's basis in the inventory? __________________ d. What is Samantha's basis in the equipment? __________________ e. What is Samantha's remaining basis in the partnership? __________________