1. The SSC Partnership balance sheet includes the following assets on December 31 of the current year: Basis FMV Cash $180,000 $180,000 30,000 90,000 Inventory Land 60,000 120,000 Total $300,000 $360,000 Susan, a 2/3 partner, has an adjusted basis of $100,000 for her partnership interest. If Susan sells her entire partnership interest to Sandra for $200,000 cash and her silver flask (FMV = $1,000, Basis = $500). Compute the amount of capital gain and ordinary income Susan must recognize from the sale, if any