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[The following Information applies to the questions displayed below.] Megan and Matthew are equal partners in the J&J Partnership (a calendar-year-end entity). On January 1
[The following Information applies to the questions displayed below.] Megan and Matthew are equal partners in the J&J Partnership (a calendar-year-end entity). On January 1 of the current year, they decide to Iqquidate the partnership. Megan's basis in her partnership Interest Is $113,000 and Matthew's is $40,200. The two partners recelve identical distributions, with each recelving the following assets: Note: Leave no answer blank. Enter zero If appllcable. Problem 10-51 Part b (Algo) b. What is Megan's basis in the distributed assets
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