Required Information [The following Information applies to the questions displayed below.] Melissa, Nicole, and Ben are equal partners in the Opto Partnership (a calendar-year-end entity). Melissa decides she wants to exit the partnership and receives a proportionate distribution to liquidate her partnership Interest on January 1. The partnership has no liabilities and holds the following assets as of January 1: Cash Tax Basis $ 18,000 FMV $ 18,000 24,000 12,000 36,000 $ 55,500 $ 90,000 7,500 30,000 Accounts receivable Stock investment Land Totals Melissa receives one-third of each of the partnership assets. She has a basis in her partnership Interest of $25,000. (Leave no answer blank. Enter zero if applicable.) c1. What are the amount and character of Melissa's recognized gain or loss if her outside basis is $11,000 rather than $25,000? c2 What is Melissa's basis in the distributed assets if her basis in Opto Partnership is $11,000 rather than $25,000? Complete this question by entering your answers in the tabs below. Req C1 Req C2 What is Melissa's basis in the distributed assets if her basis in Opto Partnership is $11,000 rather than $25,000? Cash Accounts receivable Stock investment Land Basis < ReqC1 Req C2 >