When Magdalena's outside basis is $157,500, she receives a liquidating distribution of $39,375 cash and a proportionate share of inventory having a partnership basis of $55,125 and a fair market value of $63,000. The distribution results in a liquidation of both the partnership and her interest.

a. How much is Magdalena's basis in the inventory received? $ _______

b. What is the amount of any gain or loss recognized on the liquidation? She has a recognized

a capital loss of $______ on the liquidation.