Required Information

$[$The following information applles to the questions displayed below.$]$

Allison, Keesha, and Steven each owns an equal Interest In KAS Partnership, a calendar$-$year$-$end, cash$-$method entity. On January $1$ of the current year, Steven's basis in his partnership interest is $$27,000.$ During January and February, the partnership generates $$30,000$ of ordinary income and $$4,500$ of tax$-$exempt income. On March $1,$ Steven sells his partnership interest to Juan for a cash payment of $$45,000.$ The partnership has the following assets and no liabilities at the sale date:

$\backslash$table$[[,$Tax Basis,FMI$],[$Cash$,$$$30,000,$$$30,000$