! Required information Problem 10-47 (LO 10-4) (Algo) [The following information applies to the questions displayed below.] Melissa, Nicole, and Miguel are equal partners in the Opto Partnership (a calendar-year-end entity). 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: Cash Accounts receivable Stock investment Land Totals Tax Basis $ 19,170 0 FMV $ 19,170 25,560 8,280 33,900 13,950 43,800 $ 61,350 $ 102,480 Melissa receives one-third of each of the partnership assets. She has a basis in her partnership interest of $27,535. Note: Leave no answer blank. Enter zero if applicable. c1. What are the amount and character of Melissa's recognized gain or loss if her outside basis is $12,170 rather than $27,535? c2. What is Melissa's basis in the distributed assets if her basis in Opto Partnership is $12,170 rather than $27,535? Complete this question by entering your answers in the tabs below. Required C1 Required C2 What is Melissa's basis in the distributed assets if her basis in Opto Partnership is $12,170 rather than $27,535? Cash Accounts receivable Stock investment Land Basis