Chapter $21$ Homework Assignment

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On December $31,$ Taurin distributes $$15,160$ of cash, $$10,107($FMV$)$ of accounts receivable, and $$40,280($FMV$)$ of inventory to Emma $($a one$-$third partner$)$ in termination of her partnership interest. Emma's basis in her partnership interest immediately prior to the distribution is $$40,353.$

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Problem $21-46$ Part b $($Algo$)$

b$.$ What is Emma's basis in the distributed assets?

Note: Round your intermediate ond final answers to the nearest whole dollar amount.

$\backslash$table$[[,$Basis$],[$Cash$,],[$Accounts receivable,$],[$Inventory$,]]$