Cynthia sells her 1/3 interest in the CAR Partnership to Brandon for $95,000 cash. On the date of sale, the partnership balance sheet and agreed-upon fair market values were as follows.

Cynthia sells her 1/3 interest in the CAR Partnership to Brandon for 595,000 cash. On the date of sale, the partnership balance sheet and agreed-upon fuir market values were as follows Adjusted Basis FMV Cash $40,000 $40,000 Receivables 0 60,000 Land 50.000 125.000 Total 590,000 $225,000 Cynthia, Capital 530,000 $75,000 Amold, capital 30,000 75,000 30.000 175.000 Falpl, capital Tool 590,000 2000 Ir de partnership has 754 lection in effect the top up" inasis of parents allocated to Bandole 575.000 165.000 SO