Lori has a $23,000 basis in her partnership interest before receiving a current distribution of $9,000 cash and land with a $37,000 FMV and a $9,000 basis to the partnership. Assume that any distribution involving Sec. 751 property is pro rata, that any precontribution gains have been recognized before the distribution, and that no Sec. 754 election is in effect. Read the requirements. Requirement a. Determine Lori's recognized gain or loss, Lori's basis in distributed property, and Lori's ending basis in her partnership interest. (Complete all answer boxes. Enter a "0" for any zero balances. Use a minus sign parentheses to enter a loss.) Lori's recognized gain or loss is Lori's basis in the land is Lori's ending basis in her partnership interest is $ Requirements - X Help me solve this Etext pages Get more help - a. Determine Lori's recognized gain or loss, Lori's basis in distributed property, and Lori's ending basis in her partnership interest. b. How does your answer to Part a change if the partnership's basis in the land is $21,000 instead of $9,000? c. How does your answer to Part a change if Lori receives $31,000 cash instead of $9,000 (along with the land)? d. How does your answer to Part a change if, in addition to the cash and land, Lori receives inventory with a $23,000 FMV and a $9,000 basis and receivables with a $2,000 FMV and a zero basis? e. Suppose instead that Lori receives the distribution in Part a from a C corporation instead of a partnership. The corporation has $140,000 of E&P-earnings and profits-before the distribution, and Lori's stock basis before the distribution is $23,000. What are the tax consequences to Lori and the C corporation? f. Suppose instead that Lori receives the distribution in Part a from an S corporation instead of a partnership. Lori is a 50% owner in the corporation, and her stock basis before the distribution is $23,000. What are the tax consequences to Lori and the S corporation?