ion The Rascals Company is a general partnership with four partners: Felix, Eddie, Gene, and Dino. elix is planning to retire. Its balance sheet is: Tax Basis FMV 160.000 160.000 1,000,000 100.000 Cash Accts. Rec. Equipment Intangible Unrecorded goodwill 130,000 Unknown Total Accts Payable Loan (not guaranteed) Other Liabilities 290,000 Unknowrn 110.000 17,000 127,000 33,000 130.000 110.000 17,000 628,000 359.000 Unknown Capital-Felix (25%) Capital- Eddie, Gene & Dino (75%) 290.000 Total Felix is retiring from the partnership. The partnership pays him S359,000 in cash as complete liquidation of his partnership interest. Determine the fair market values of the unknown numbers above, determine Felix's gain or loss and character thereof in two situations: (a) The partnership agreement provides for an allocation to goodwill upon liquidation of a partner's interest; and (b) The partnership agreement does not provide for an allocation to goodwill