Cliff's basis in his Aero Partnership Interest is $18,200. Cliff receives a distribution of $27.700 cash from Aero in complete liquidation of his interest. Aero is an equal partnership with the following balance sheet: Tax Basis FMV $27,700 $27,700 23,980 23,900 3,880 44,6ee $54,600 $96,200 Assets Cash Investment Land Totals Liabilities and capital Capital -Chris -Cliff -Cooper Totals $18,280 $18,280 $18,200 $54,600 b. If Aero has a 3754 election in place, what is the amount of the special basis adjustment? Special basis adjustment