Fir Corporation distributes all of its property in a complete liquidation. Debbie, a shareholder, receives $8,000 cash and securities having a fair market value of $32,000. The securities had been acquired three years ago by Fir as an investment for $24,000. Debbie has a $38,000 basis in her Fir stock. What is Debbie's basis in the securities received in the liquidation of Fir? $32,000 $38,000 $24,000 $0 None of the above.