Check my Work Required information [The following information applies to the questions displayed below.] Helen's basis in Haywood Partnership is $355,000. Haywood distributes all the land to Helen in complete liquidation of her partnership interest. The partnership reports the following balance sheet just before the distribution: Tax Basis FMV Assets: Cash Stock (Investment) Land $ 318,000 $318,000 618,000 318,000 129,000 318,000 $1,065,000 $954,000 Totals Liabilities and capital: Capital -Charles -Esther -Helen Totals 355,000 355,000 355,000 $1,065,000 b. If Haywood has a $754 election in place, what is the amount of the special basis adjustment? Special basis adjustment Decrease