The Taurin Partnership (calendar year-end) has the following assets as of December 31 of the current year:

		Tax Basis		FMV
Cash	$	45,960		$	45,960
Accounts receivable		15,320			30,640
Inventory		82,200			121,680
Totals	$	143,480		$	198,280

On December 31, Taurin distributes $15,320 of cash, $10,213 (FMV) of accounts receivable, and $40,560 (FMV) of inventory to Emma (a one-third partner) in termination of her partnership interest. Emmas basis in her partnership interest immediately prior to the distribution is $40,707. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.)

b. What is Emmas basis in the distributed assets? cash

accounts receivable

inventory