5) Florence's adjusted basis in Molwell Co, a partnership, was $18,000 when Florence recelved the proportionate non-liquidating distributions of partnership property What is Florence's tax basis in the land that she received from the partnership? a) $0 b) $5,000 c) $12,000 d) $14,000 6) A calendar year S Corp, Brain Corporation, has two equivalent shareholders. For year six, year ending December 31 , Brain has net income of $50,000. $10,000 is from investment income and 40,000 is from operations. There was no other activity during the year. For each of the shareholders in Brain, how much will their shareholder basis increase by? a) $50,000 b) $30,000 c) $25,000 d) $0