Required information (The following information applies to the questions displayed below.] David's basis in the Jimsoo Partnership is $55,500. In a proportionate liquidating distribution, David receives cash of $7,500 and two capital assets: (1) Land A with a fair market value of $21,000 and a basis to Jimsoo of $16,750, and (2) Land B with a fair market value of $10,375 and a basis to Jimsoo of $16,750. Jimsoo has no liabilities. b. What is David's basis in the distributed assets? (Round your intermediate and final answers to the nearest whole dollar amount.) Basis Cash Land 1 Land 2