QUESTION21 The Balance Sheet of the equal MVR Partnershlp on August 31, 2023 is as follows: Cash - 5300,000 (Adjusted Basis) 5300,000 (Fair Market Valuek Uryealued $ \$120,000 (Adjusted Basis); \$220,000 (Fair Market Value); Velma Capitat - \$120,000 (Adjusted Basis); 1220,000 (Fair Matket Value); Rosecta Capital - \$120,000 (Adjusted Basist: \$220,000 (Fair Market Value); Total Labilities And Partners' Capital - \$540,000 (Adjusted Basis); \$840,000 (Fair Market Value), Thit Partnerthip remaining partners assume Mercedes' share of the Partnership Liabilities. Mercedes' basis in the distributed Capital Assets is: $10,000.$80,000.$0=$30,000