Mark and Windy are equal partners in WM Partnership. Mark's basis in the partnership at the beginning e of year is 220,000. He received current distribution his pro rate share of partnership assets: 9% Cash Accounts receivable Inventory Equipment Basis 150,000 0 80,000 50,000 Any gain or loss to (1) Mark (2) WM Basis to Mark for of each assets received Basis to Mark at the end of year Required (1) (2) (3) hp a P W FMV 150,000 100,000 60,000 50,000 Focus