36.In 2022, Melody sells the land held for investment for $203,000. Calculate any built-in gains tax for 2022, assuming a corporate tax rate of 21%. C corporation taxable income would have been $100,000.

a. 17850

b. 29750

c. 19530

d. 0

e. none of the above

37.Oscar and Leonard are general partners who share profits and losses 60% and 40%, respectively. The tax basis of Oscars partnership interest as of January 1, 2022 was Oscar, $24,000. During 2022, the partnership reported ordinary income from trade or business activities of $40,000, long-term capital loss of $10,000, and non-deductible meals and entertainment expenses of $4,000. What is the amount of Oscars tax basis in his partnership interest as of January 1, 2022?

a. 284--

b 41600

c. 39600

d. 45600

e none of the above