Required information [The following information applies to the questions displayed below.) Pam has a $36,700 basis (including her share of debt) in her 50 percent partnership interest in the Meddoc Partnership before receiving any distributions. This year Meddoc makes a current distribution to Pam of a parcel of land with a $49,400 fair market value and a $40,500 basis to the partnership. The land is encumbered with a $18,400 mortgage (the partnership's only liability) b. What is Pam's basis in the land? Basis