Cash The following information is for the BCH partnership on January 1, 2022 Adj. Basis FMV Adj. Basis FMV $30,000 $30,000 Debt $30,000 Accts. Rec. 0 60,000 D. Boone $35,000 $75,000 Inv. 15,000 45,000 D. Crocket $35,000 75,000 Land 60,000 120,000 S. Houston $35,000 75,000 totals $105,000 $255,000 $135,000 $255,000 D. Boon sold his partnership interest on January 1, 2022 to S Austin for $75,000 cash. There is no Section 754 election in place. a. What is D. Boon's amount realized on the sale? b. What is the amount of recognized gain and character: C. What basis will S. Austin take in his partnership interest? d. What basis will S. Austin have in each of the partnership assets?