Pam has a $24,000 basis (including her share of debt) in her 50 percent partnership interest in the Meddoc partnership before receiving any distributions. This year Meddoc makes a current distribution to Pam of a parcel of land with a $44,600 fair market value and a $27,900 basis to the partnership. The land is encumbered with a $14,400 mortgage (the partnerships only liability). b. What is Pams basis in the land?