(The following information applies to the questions displayed below.) David's basis in the Jimsoo Partnership is $61,000. In a proportionate liquidating distribution, David receives cash of $8.600 and two capital assets: (1) Land A with a fair market value of $23,200 and a basis to Jimsoo of $18,400, and (2) Land B with a fair market value of $11,200 and a basis to Jimsoo of $18,400. Jimsoo has no liabilities a c2. What is David's basis in distributed assets? Complete this question by entering your answers in the tabs below. Req c1 Req C2 What is David's basis in distributed assets? Basis 8.600 Cash Land 1 Land 2