Required information [The following information applies to the questions displayed below.) The Taurin Partnership (calendar-year-end) has the following assets as of December 31 of the current year: Cash Accounts receivable Inventory Totals Tax Basis FMV $ 45,720 $ 45, 720 15, 240 30, 480 81,900 121,260 $142,860 $ 197,460 On December 31, Taurin distributes $15,240 of cash, $10,160 (FMV) of accounts receivable, and $40,420 (FMV) of inventory to Emma (a one-third partner) in termination of her partnership interest. Emma's basis in her partnership interest immediately prior to the distribution is $40,530. b. What is Emma's basis in the distributed assets? (Round your intermediate and final answers to the nearest whole dollar amount.) Basis Cash Accounts receivable Inventory c1. If Emma's basis before the distribution was $55,755 rather than $40,530, what is Emma's recognized gain or loss? c2. What is her basis in the distributed assets? Complete this question by entering your answers in the tabs below. Req C1 Req C2 What is her basis in the distributed assets? (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) Basis Cash Accounts receivable Inventory