(7) Jabilo M'Benga is a 30% partner of Sick Bay, LLC. He sells his interest in the partnership to Leonard McCoy in return for $457,250 in cash. At the time of the sale, Sick Bay, LLC has the following assets and liabilities: Cash - $275,000; Medical Equipment (Basis = $56,928, FMV = $73,566) Inventory (Basis = $56,770, FMV = $60,000) . Debts = $100,000 (a) Jabilo's basis in his partnership interest is $300,315. What is the purchase price for his partnership interest? (b) How much gain or loss will Jabilo recognize on the sale of his partnership interest to Leonard and how much of that gain or loss is ordinary gain or loss and how much is capital gain or loss