Travis and Alix Weber are equal partners in the Tralix Partnership, which does not have a 754 election in place. Alix sells one-half of her interest (25 percent) to Michael Tomei for $33,500 cash. Just before the sale, Alixs basis in her entire partnership interest is $79,200, including her $33,500 share of the partnership liabilities. Tralixs assets on the sale date are as follows:

		Tax Basis		FMV
Cash	$	43,150		$	43,150
Inventory		33,500			104,000
Land held for investment		81,750			51,400
Totals	$	158,400		$	198,550

b. What is Alixs basis in her remaining partnership interest?

c. What is Michaels basis in his partnership interest?