Note: Please show detailed calculations and explanations. Answers without showing calculations/explanations, will not receive credit. The 3 questions below are unrelated to each other a) Shauna is a 50% partner in the SH Partnership. Shauna sells 1/2 of her interest to Kara for $60,000 cash (in other words, Shauna owns 50% of the company and sells 25% of the company to Kara). Just before the sale, Shauna's basis in her entire partnership interest is $150,000, including her $60,000 share of the partnership liabilities. SH's assets on the sale date are as follows: What is the amount and character of Shauna's gain or loss on the sale? Hint: Note that we have a "hot asset" involve in this transaction