2. Dan and Julia are equal partners in the K partnership. One of Ks customers is delinquent in its payment of a $3,000 account receivable. In satisfaction of the receivable K accepts a building with a FMV of $50,000, subject to a $52,000 mortgage. K agrees to accept the building subject to the mortgage, but does not assume the mortgage. Julias outside basis prior to K taking the building was $70,000.

Determine Julias outside basis after K accepts the building in satisfaction of the account receivable and Ks basis in the building.