The ABC Partnership has the following balance sheets at December 31: Cash Accounts Receivable Inventory Land Basis $45,000 0 66,000 420.000 $531,000 FMV $45,000 108,000 120,000 285.000 $558,000 Capital, A Capital, B Capital, $177,000 177,000 177.000 $531,000 $186,000 186,000 186.000 $558,000 On that date, Csells his interest in the partnership to unrelated buyer G for $186,000. a. How much gain or loss will recognize in connection with the sale to G? b. What will be the character of C's gain or loss? c. How much gain will the partnership and partners A and B recognize on the sale? d. What will be G's inside basis in the partnership property? The ABC Partnership has the following balance sheets at December 31: Cash Accounts Receivable Inventory Land Basis $45,000 0 66,000 420.000 $531,000 FMV $45,000 108,000 120,000 285.000 $558,000 Capital, A Capital, B Capital, $177,000 177,000 177.000 $531,000 $186,000 186,000 186.000 $558,000 On that date, Csells his interest in the partnership to unrelated buyer G for $186,000. a. How much gain or loss will recognize in connection with the sale to G? b. What will be the character of C's gain or loss? c. How much gain will the partnership and partners A and B recognize on the sale? d. What will be G's inside basis in the partnership property