Franco owns a $60\%$ interest in the Dulera LLC$.$ On December $31$ of the current tax year, his basis in the LLC interest is $$194,600.$ The fair market value of the interest is $$214,060.$ Dulera then distributes to Franco $$38,920$ cash and equipment with an adjusted basis of $$97,300$ and a fair market value of $$145,950.$

a$.$ Compute Franco's basis in Dulera after the distribution.

b$.$ Compute Franco's basis in the equipment he received from Dulera.