42. In complete liquidation of her interest in the Buyers Partnership, Sarah received a cash distribution of $40,000. Her basis in the partnership interest prior to receipt of the liquidating distribution was $48,000. a. How much gain or loss must Sarah recognize on receipt of the liquidating distribution? b. Assume that Sarah received cash of only $25,000, and property worth $15,000 in complete liquidation of her interest in the partnership. How much gain or loss would she recognize? What would be her basis in the property received