The Whitewater LLP is equally o

The Whitewater LLP is equally owned by three partners and shows the following balance sheet at the end of the current tax year. $72,000 $72,000 $96,000 $32,000 $64,000 $96,000 Cash unrealized receivables Land Petula, capital Prudence, capital Primrose, capital Basis 24,000 32,000 32,000 FMV 24,000 96,000 $192,000 64,000 64,000 $192,000 Partner Petula is an active (i.e., "general") panner retiring from the service-oriented partnership. She receives $72,000 cash, none of which is stated to be for goodwill. a. How much of the payment is for "unstated goodwill"? b. How is the $72,000 allocated between a S 736(a) income payment and a 736(b) property payment? The $72,000 cash payment is allocated as follows: S 736(a) income payment: S 736(b) property payment: The Whitewater LLP is equally owned by three partners and shows the following balance sheet at the end of the current tax year. $72,000 $72,000 $96,000 $32,000 $64,000 $96,000 Cash unrealized receivables Land Petula, capital Prudence, capital Primrose, capital Basis 24,000 32,000 32,000 FMV 24,000 96,000 $192,000 64,000 64,000 $192,000 Partner Petula is an active (i.e., "general") panner retiring from the service-oriented partnership. She receives $72,000 cash, none of which is stated to be for goodwill. a. How much of the payment is for "unstated goodwill"? b. How is the $72,000 allocated between a S 736(a) income payment and a 736(b) property payment? The $72,000 cash payment is allocated as follows: S 736(a) income payment: S 736(b) property payment: