Required information Problem 19-64 (LO 19.5) (Algo) The following information applies to the questions displayed below) Jefferson Millinery Incorporated (JMI) decided to liquidate its wholly owned subsidiary, 8 Miles High incorporated (MH). 8MH had the following tax accounting balance sheet (Negative amount should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable.) Adjusted Tax FMV Bass Appreciation Cash $ 261,600 $ 261,000 Buliding 54,000 16,500 47,500 Land 197, 116,500 30.500 Total $ 522,00 $ 394.000 5 128,000 Problem 19-64 Part c (Algo) c. What is JM's adjusted fox basis in the building and land after the complete liquidation? Building Land Tax basis