Required information [The following information applies to the questions displayed below.) Mikaere's basis in the Jimsoo Partnership is $55,000. In a proportionate liquidating distribution, Mikaere receives cash of $7,400 and two capital assets: (1) Land A with a fair market value of $20.800 and a basis to Jimsoo of $16,600, and 2) Land B with a fair market value of $10,300 and a basis to Jimsoo of $16,600. Jimsoo has no liabilities. b. What is Mikaere's basis in the distributed assets? Note: Round your intermediate and final answers to the nearest whole dollar amount. Answer is complete but not entirely correct. Basis Cash $ 7,400 Land 1 $ 14,400 x Land 2 $ 4,200