35-Maddie is a partner in M&M Partnership. Her outside basis is $182,500, when she receives a liquidating distribution of $45,625 cash and a proportionate share of inventory having a partnership basis of $63,875 and a fair market value of $73,000. The distribution results in a liquidation of both the partnership and her interest. What is Maddie's basis in the inventory received?

Answer:..........................

36- Which of the following is not a specific adjustment to the partners' basis in the partnership interest?

a.Decreased by any decrease in the partner's share of partnership liabilities.

b.Increased by contributions the partner made to the partnership.

c.Increased by the partner's share of tax-exempt income.

d.Decreased by the amount of guaranteed payments shown on the partner's Schedule K-1.