Check my work 25 ! Required information [The following information applies to the questions displayed below.] Part 2 of 3 David's basis in the Jimsoo Partnership is $54,500. In a proportionate liquidating distribution, David receives cash of $7,300 and two capital assets: (1) Land A with a fair market value of $20,600 and a basis to Jimsoo of $16,450, and (2) Land with a fair market value of $10,225 and a basis to Jimsoo of $16,450. Jimsoo has no liabilities. 3.44 points eBook b. What is David's basis in the distributed assets? (Round your intermediate and final answers to the nearest whole dollar amount.) Print Basis References Cash 7,300 Land 1 Land 2