Required information [The following information applies to the questions displayed below.] Coy and Matt are equal partners in the Matcoy Partnership. Each partner has a basis in his partnership interest of $38,500 at the end of the current year, prior to any distribution. On December 31, each receives an operating distribution. Coy receives $16,300 cash. Matt receives $4,785 cash and a parcel of land with a $11,515 fair market value and a $6,100 basis to the partnership. Matcoy has no debt or hot assets. b. What is Coy's ending basis in his partnership interest? Ending basis