When Joaquim's outside basis in the Phoenix Partnership is $256,000, the partnership distributes to him $70,000 cash, an account receivable (fair market value of $144,000, inside basis to the partnership of $0), and a parcel of land (fair market value of $200,000, inside basis to the partnership of $220,000). Joaquim remains a partner in the partnership, and the distribution is proportionate to the partners. If an amount is zero, enter "0".

In what order are the assets distributed to Joaquim? Cash, accounts receivable, land

Compute Joaquim's basis in the accounts receivable and land.

Accounts receivable	$
Land	$

Joaquim's basis in the partnership after the current distribution is $.