Dewey, Huey, and Louie created the Sleepy Times partnership to sell pajamas. The Sleepy Times partnership has the following balance sheet: Unrealized receivables Inventory Land Capital, Dewey Capital, Huey Capital, Louie Basis 0 120,000 60,000 $180,000 $60,000 60,000 60,000 $180,000 FMV $30,000 150,000 90,000 $270,000 $90,000 90,000 90,000 $270,000 At his request, Dewey receives a distribution consisting of 4 of the unrealized receivables and 4 of the inventory, reducing his interest in the partnership from 1/3 to 1/5. You are going to calculate the tax effects of this distribution to Dewey and the partnership.