Required Information [The following information applies to the questions displayed below.] Travis and Alix Weber are equal partners in the Trallx Partnership, which does not have a $754 election in place. Allx sells one-half of her Interest (25 percent) to Michael Tomel for $40,000 cash. Just before the sale, Alix's basis in her entire partnership Interest is $87,000, including her $40,000 share of the partnership liabilities. Tralix's assets on the sale date are as follows: Cash Inventory Land held for investment Totals Tax Basis $ 49, eee 40,00 85, eee $ 174, eee FMV $ 49, eee 130, eee 54, eee $ 233,00 c. What Is Michael's basis In his partnership Interest