Megan and Matthew are equal partners in the J \& J Partnership (a calendar-year-end entity). On January 1 of the current year, they decide to liquidate the partnership. Megan's basis in her partnership interest is $120,000 and Matthew's is $43,000. The two partners receive identical distributions, with each receiving the following assets: Note: Leave no answer blank. Enter zero if applicable. Problem 16-51 Part b (Algo) b. What is Megan's basis in the distributed assets? Megan and Matthew are equal partners in the J \& J Partnership (a calendar-year-end entity). On January 1 of the current year, they decide to liquidate the partnership. Megan's basis in her partnership interest is $120,000 and Matthew's is $43,000. The two partners recelve identical distributions, with each receiving the following assets: Note: Leave no answer blank. Enter zero if applicable. Problem 16-51 Part d (Algo) d. What is Matthew's basis in the distributed assets