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Problem 10-51 (LO 10-4) (Algo) [The following information applies to the questions displayed below.] Megan and Matthew are equal partners in the J&J Partnership (a
Problem 10-51 (LO 10-4) (Algo) [The following information applies to the questions displayed below.] 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 Ilquidate the partnership. Megan's basis in her partnership interest Is $113,000 and Matthew's is $40,200. The two partners recelve identical distributions, with each recelving the following assets: Note: Leeve no answer blank. Enter zero if appllcable. Problem 10-51 Part d (Algo) d. What is Matthew's basis in the distributed assets
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