Carrie and Doug propose that Slicenhook distribute the following to Reed in complete liquidation of his partnership interest: Slicenhook has not purchased or sold any equipment since its original purchase just after formation. Comprehensive Problem 16-63 Part j (Algo) equired: 1. If Reed sells his interest, what is his after-tax cash? Assume his ordinary marginal tax rate is 35 percent and his capital gains tax rat 15 percent. 2. If Slicenhook distributes the assets proposed by Carrie and Doug in complete liquidation of Reed's partnership interest and Reed vere to immediately sell the distributed assets, what is his after-tax cash? Assume his marginal tax rate is 35 percent and his capital ains rate is 15 percent. Complete this question by entering your answers in the tabs below. If Reed sells his interest, what is his after-tax cash? Assume his ordinary marginal tax rate is 35 percent and his capital gains tax rate is 15 percent