Michelle is a 51% partner in wolf LLC, a general partnership. Her basis in the partnership is $100,000. The 27 partnership has no debt. On September 30, 2018, Michelle receives a distribution of cash of $25,000 and a property with FMV of $150,000 (Wolf LLC's basis in the property is $85,000) in liquidation of her partnership interest. What is Michelle's basis in the property received? a $125,000 b $75,000 c $100,000 d $150,000 e $85,000