8. Green, Black and Blue each own one third of Color partnership. Each has a zero outside basis in their partnership interest. Color is a cash basis service company whose sole assets are $600 in accounts receivable. The partnership has no liabilities. Green sells his partnership interest to Purple for its fair market value $200.

These are the same facts as the previous problem only now assume that Color made an election under Section 754. What impact, if any, would this have on Purple when the receivables are collected?