$(2)$ Mark has a partnership basis of $$50,000.$ He receives $$20,000$ cash and a capital asset with a basis to the partnership of $$25,000$ and a fair market value of $$40,000.$

He will recognize

no gain or loss

of $fill in the blank b$0709$ffae$07$afd$4\_2$

$0$

$.$ His basis in the capital asset is $fill in the blank b$0709$ffae$07$afd$4\_3$

$.$