Required information [The following information applies to the questions displayed below.] Megan and Matthew are equal partners in the J & J Partnership (a calendar-year-end entity). On January 1 of the current year, they decide to liquidate the partnership. Megan's basis in her partnership interest is $121,000 and Matthew's is $43,400. The two partners receive identical distributions, with each receiving the following assets: Note: Leave no answer blank. Enter zero if applicable. Tax Basis FMV Cash Inventory Land $ 35,250 8,150 1,025 $ 35,250 9,360 1,630 Totals $ 44,425 $ 46,240 b. What is Megan's basis in the distributed assets? Cash Inventory Land Basis