$$30,000.$

is $-0.$

$800,000$

$$10,000.$

QUESTION $37$

The Balance Sheet of the equal MVR Partnership on August $31,2023$ is as follows: Cash $-$ $$300,000($Adjusted Basis$)$ $$300,000($Fair Market valuex Unrealued

Receivables $-$ $$-0.($Adjusted Basis$)$; $$60,000($Fair Market Value$)$; Capital Assets $-$ $$210,000($Adjusted Basis$)$; $$450,000($Fair Market Value$)$; Total Assets $-$ $$510,000$

$($Adjusted Basis$)$ $$810,000($Fair Market Value$).$ Notes Payable $-$ $$150,000($Adjusted Basis$)$; $$150,000($Fair Market Value$)$; Capital Accounts: Mercedes Capical $-$

$$$$20,000($Adjusted Basis$)$; $$220,000($Fair Market Value$)$; Velma Capital $-$ $$120,000($Adjusted Basis$)$; $$220,000($Fair Market Value$)$; Ro setua Capital $-$ $$120,000$

$($Adjusted Basist, $$220,000($Fair Market Value$)$; Total Liabilities And Partners Capital $-$ $$510,000($Adjusted Basis$)$; $$810,000($Fair Market Value$),$ The Partuership

makes a Liquidating Distribution to Mercedes of Cash of $$50,000,$ Unrealized Recelvables of $$20,000$ and Capital Assets worth $($Fair Market Value$)$ $$150,000.$ The

remaining partners assume Mercedes' share of the Partnership liabilities. Mercedes' remaining basis in her Parthership Interest is:

s

$0.$

is $70,000.$

$$120,000.$

$$220\mathrm{.}000.$