4. At the end of last year, Lisa, a 30% partner in the five-person LAMEC partnership, has an outside basis of $60,000 including her $30,000 share of LAMEC debt. On January 1 of the current year, Lisa sells her partnership interest to MaryLynn for a cash payment of $45,000 and the assumption of her share of LAMECs debt. If LAMEC has $90,000 of unrealized receivables as of the sale date, what is the amount of Lisas ordinary income recognized as a result of the sale?

9.Rufus is a one-quarter partner in the Adventure partnership. On January 1 of the current year, Adventure distributes $13,000 cash to Rufus in complete liquidation of his interest. Adventure has only capital assets and no liabilities at the date of the distribution. Rufus basis in his partnership interest is $20,000. What is the amount Rufus recognized gain or loss?