Taxtation

Required information [The following information applies to the questions displayed below] Melissa, Nicole, and Ben are equal partners in the Opto Partnership (calendar year-endy! 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 11 Tax Cash Accounts receivable Stock investment Land Totals Bases FMM $18) 720$18, 720 24.960 7980 15,200 32J400 40.800 $59.18 $97.680 Melissa receives one-third of each of the partnership assets. She has a basis in her partnership interest of $26.560. (Leave no answer blank. Enter zero if applicable.) b. What is Melissa's basis in the distributed assets? (Round your intermediate and final answers to the nearest whole dollar amount.) Answer is not complete. Basis 6,240 Cash $ Accounts receivable $ 0 Stock Investment S 1,083 Land Reg ci Req C2 What are Melissa's basis in the distributed assets if her basis in Opto Partnership is $11,720 rather than $26,560? your intermediate and final answers to the nearest whole dollar amount.) Basis Cash Accounts receivable Stock investment Land