BDD Partnership is a service-oriented partnership that has three equal general partners. One of them, Barry Evans, sells his interest to another partner, Dale Allen, on December 31 (the last day of the current tax year) for $90,000 cash and the assumption of Barry's share of partnership liabilities. (Liabilities are shared equally by the partners.)

Immediately before the sale (after reflecting operations for the year), the partnership's cash basis balance sheet was presented as shown below. The capital accounts before the sale reflect the partners' bases in their partnership interests, excluding liabilities. The payment exceeds the stated fair market value of the assets because of goodwill that is not recorded on the books.

	Basis	FMV			Basis	FMV
Cash	$120,000		$120,000		Note payable	$30,000		$30,000
Accounts receivable	0		90,000		Capital accounts
Capital assets	30,000		75,000			Barry	40,000		85,000
						David	40,000		85,000
						Dale	40,000		85,000
Total	$150,000		$285,000			Total	$150,000		$285,000

If an amount is zero, enter "0".

a.  What is the total amount realized by Barry on the sale?
$____________________

b.  How much, if any, ordinary income must Barry recognize on the sale?
$f____________________

c.  How much capital gain must Barry report?
$____________________

d.  What is Dale's basis in the partnership interest acquired?
$____________________

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