Required information Melissa, Nicole, and Ben are equal partners in the Opto Partnership (calendar year-end). Melissa decides she wants to exit the partnership and receives a proportionate distribution to liquidate her partnership interest on January 1. The partnership has no liabilities and holds the following assets as of January 1 Tax Basis FMV Cash Accounts receivable Stock investment Land Totals $18,810 $18,810 0 25,080 8,040 13, 350 32,700 41,400 $59,550 $98,640 Melissa receives one-third of each of the partnership assets. She has a basis in her partnership interest of $26,755. (Leavee no answer blank. Enter zero if applicable.) a. What is the amount and character of any recognized gain or loss to Melissa? Neither gain nor loss recognized $5,000 ordinary income $17,000 ordinary income $5,000 capital gain $17,000 capital gain b. What is Melissa's basis in the distributed assets? (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) Basis Cash Accounts receivable Stock investment Land c1. What is the amount and character of Melissa's recognized gain or loss if her outside basis is $11,810 rather than $26,755? c2. What is Melissa's basis in the distributed assets if her basis in Opto Partnership is $11,810 rather than $26,755? Complete this question by entering your answers in the tabs below. Req C1 Req C2 What is the amount and character of Melissa's recognized gain or loss if her outside basis is $11,810 rather than $26,755? Neither gain nor loss recognized 55,177 ordinary income $18,977 ordinary income $5,177 capital gain $18,977 capital gain Req C1 Req C2 What is Melissa's basis in the distributed assets if her basis in Opto Partnership is $11,810 rather than $26,755? (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) Basis Cash Accounts receivable Stock investment Land