he Taurin Partnership (a calendar-year-end entity) has the following assets as of December 31 of the current year: Tax Basis FMV Cash $ 46,200 $ 46,200 Accounts receivable 15,400 30,800 Inventory 82,500 122,100 Totals $ 144,100 $ 199,100 On December 31, Taurin distributes $15,400 of cash, $10,267 (FMV) of accounts receivable, and $40,700 (FMV) of inventory to Emma (a one-third partner) in termination of her partnership interest. Emmas basis in her partnership interest immediately prior to the distribution is $40,883. b. What is Emmas basis in the distributed assets?