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 $37,500 cash. Just before the sale, Alix's basis in her entire partnership interest is $84,000, including her $37,500 share of the partnership liabilities. Tralix's assets on the sale date are as follows: Cash Inventory Land held for investment Tax Basis FMV $ 46,750 $ 46,750 37,500 120,000 83,750 53,000 $168,000 $219,750 Totals c. What is Michael's basis in his partnership interest? W Basis