The GHI Partnership owns the following assets on March 1 of the current?year:

(similar to) The GHI Partnership owns the following assets on March 1 of the current year: (Click the icon to view the assets.) Question Help O Data Table Assets Cash Receivables Inventory Supplies Equipment* Land (investment) Total ox Partnership's Basis 100,000 $ 0 40,000 2,000 9,500 60,000 211,500 $ Ft.v.fV 100,000 12,000 46,500 2,800 10,300 80,000 251 ,600 a. b. c. Requirements Which partnership items are unrealized receivables? Is the partnership's inventory substantially appreciated? Assume the GHI Partnership has no liabilities and that Gina's basis for her partnership interest is $45,000. On March 1 of the current year, Gina receives a $27,956 current distribution in cash, which reduces her partnership interest from one-third to one-fourth. What are the tax results of the distribution (i.e., the amount and character of any gain, loss, or income recognized and Gina's basis in her partnership interest)? print Clear All Done * The partnership has claimed depreciation of $6,500 on the equipment.