Melissa, Nicole, and Miguel are equal partners in the Opto Partnership $($a calendar$-$year$-$end entity$).$ Melissa decides she wants to exit the partnership and receives a proportionate distribution to liquidate her partnership interest on January $1.$ The partnership has no liabilities and holds the following assets as of January $1$:

Tax Basis FMV

Cash $ $18,000$ $ $18,000$

Accounts receivable $024,000$

Stock investment $7,50012,000$

Land $30,00036,000$

Totals $ $55,500$ $ $90,000$

Melissa receives one$-$third of each of the partnership assets. She has a basis in her partnership interest of $$25,000.$

Note: Leave no answer blank. Enter zero if applicable.

a$.$ What are the amount and character of any recognized gain.

b$.$ What is Melissa's basis in the distributed assets?

c$1.$ What are the amount and character of Melissa's recognized gain or loss if her outside basis is $$11,000$ rather than $$25,000?$

c$2.$ What is Melissa's basis in the distributed assets if her basis in Opto Partnership is $$11,000$ rather than $$25,000?$