Required information The following information applies to the questions displayed below.] Travis and Alix Weber are equal partners in the Tralix Partnership, which does not have a 754 election in place. Alix sells one-half of her interest (25 percent) to Michael Tomei for $38,500 cash. Just before the sale, Alix's basis in her entire partnership Interest is $79,250, including her $38,500 share of the partnership liabilties. Tralix's assets on the sale date are as follows: FMV Cash Inventory Land held for investment Totals 47,650 $ 47,650 38,500 124,000 8425053,400 $170,400 $225,858 c. What is Michael's basis in his partnership interest