Tom Tom's interest in the DPO Partnership is terminated when his basis in the partnership is $70,000. Tom receives a liquidating distribution of $20,000 cash and inventory with a $24,000 inside basis and a $40,000FMV. Tom also receives, as part of the distribution, a desk (inside bas $100 and FMV $200 ) to the partnership and a stapler (inside basis $20 and FMV \$7). Question 16 (20 points) What (how much) is Tom's gain or loss recognized? Question 17 (20 points) What (how much) is Tom's basis in the inventoly he received