Required information [The following information applies to the questions displayed below.] Fatima pays $217,000 cash for Brittany's one-third interest in the Westlake Partnership. Just prior to the sale, Brittany's basis in Westlake is $96,400. Westlake reports the following balance sheet: Assets Cash Land Totals Liabilities and capital Capital-Brittany Tax Basis FMV $ 96,400 192,800 $ 289,200 $ 96,400 554,600 $ 651,000 $ 96,400 $ 96,400 $ 96,400 $ 289,200 Capital-Amy Capital-Ben Totals Note: Leave no answer blank. Enter zero if applicable. a. What are the amount and character of Brittany's recognized gain or loss on the sale? Answer is complete and correct. $120,600 of capital gain b. What is Fatima's basis in her partnership interest? What is Fatima's inside basis? Basis in partnership interest Inside basis Amount c. If Westlake were to sell the land for $554,600 shortly after the sale of Brittany's partnership interest, how much gain or loss would the partnership recognize? d. How much gain or loss would Fatima recognize if the land were sold for $554,600? e1. Suppose Westlake has a $754 election in place. What is Fatima's special basis adjustment? e2. Suppose Westlake has a $754 election in place. How much gain or loss would Fatima recognize on a subsequent sale of the lan in this situation? Complete this question by entering your answers in the tabs below. Required E1 Required E2 Suppose Westlake has a 754 election in place. What is Fatima's special basis adjustment? Special basis adjustment < Required E1 Required E2 > Required E1 Required E2 Suppose Westlake has a 754 election in place. How much gain or loss would Fatima recognize on a subsequent sale of the land in this situation? < Required E1 Required E2