QUESTION B The Balance Sheet of the equal MVR Partnership on August 31, 2020 is as follows: Cash - $300,000 (Adjusted Basis): $300,000 (Fair Market Value) Unrealized Receivables - S-0- (Adjusted Basis) $90,000 (Fair Market Value) Capital Assets - $240.000 (Adjusted Basis): 5450.000 (Fair Market Value) Total Assets - $540,000 (Adjusted Basis). S840,000 (Fair Market Value) Notes Payable - $180,000 (Adjusted Basis), 5180,000 (Fair Market Value) Capital Accounts Mercedes Capital - $120,000 (Adjusted Basis), 5220 000 (Fair Market Value). Velma Capital - $120.000 (Adjusted Basis): $220,000 (Fair Market Value) Rosetta Capital - $120,000 (Adjusted Basis). $220,000 (Fair Market Value), Total Liabilities And Partners Capital - 5540,000 (Adjusted Basis) $840.000 (Fair Market Value). The Partnership makes a Liquidating Distribution to Mercedes of Cash of $40,000. Unrealized Receivables of $30.000 and Capital Assets worth (Fair Market Value) 5150,000. The remaining partners assume Mercedes' share of the Partnership Liabilities. Mercedes' basis in the distributed Capital Assets is $30,000 580.000 OS -0. $10.000