When Magdalena's outside basis is $$212,500,$ she receives a liquidating distribution of $$53,125$ cash and a proportionate share of inventory having a partnership basis of $$74,375$ and a fair market value of $$85,000.$ 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

of $

on the liquidation.