Allison, Keesha, and Steven each own equal interests in KAS Partnership, a calendar-year-end, cash-method entity. On January 1 of the current year, Stevens basis in his partnership interest is $29,250. During January and February, the partnership generates $32,970 of ordinary income and $5,202 of tax-exempt income. On March 1, Steven sells his partnership interest to Juan for a cash payment of $49,950. The partnership has the following assets and no liabilities at the sale date: Tax Basis FMV Cash $ 34,500 $ 34,500 Land held for investment 34,500 69,000 Totals $ 69,000 $ 103,500 d. What is the partnerships basis in the assets following the sale?