The CB Partnership has two partners, Carole & Beth. Both Carole and Beth have a basis in the partnership of $30,000 immediately before any distribution. The partnership distributes $33,000 cash to Carole and $25,000 cash to Beth. a. Calculate Carole & Beth's recognized gain/loss & basis after the transfer assuming the distribution is a current distribution. b. Calculate Carole & Beth's recognized gain/loss & basis after the transfer assuming the distribution is a liquidating distribution.