ABC is an equal partnership that has made a $754$ election. On January $1$ of this year, A$$s outside basis is $$2100$ and the partnership$$s balance sheet is as follows $($expanded to include fair market values $(000$s omitted$))$:

$$

$$

Assets

Liabilities & Capital

$$

AB$/$Book

FMV

Liabilities

$$

Cash

$$3000$

$$3000$

$$1500$

$$

Accts Rec.

$0$

$300$

$$

$$

Inventory

$300$

$600$

$$

$$

Blackacre

$1500$

$1200$

$$

$$

Whiteacre

$600$

$1200$

$$

$$

Greenacre

$900$

$1500$

$$

$$

Total

$$6300$

$$7800$

$$

$$

$$

$$

$$

Capital

Accounts

$$

$$

$$

Tax$/$Book

FMV

$$

$$

A

$$1600$

$$2100$

$$

$$

B

$1600$

$2100$

$$

$$

C

$1600$

$2100$

$$

$$

Total

$$4800$

$$6300$

$$

$$

On this date, the partnership makes the following alternative distributions in liquidation of A$$s interest in the partnership.

$$

Please determine the basis that A takes in each of the assets she receives, and the adjustments $($if any$)$ that the partnership must make to the each of its retained assets.

$$

$$

a$.$ A receives $$600$ cash, the accounts receivable and Blackacre.

$$

b$.$ A receives $$600$ cash, $(1)/(2)$ the inventory, and Whiteacre.

$$

c$.$ A receives $$300$ cash, the accounts receivables, and Greenacre.

$$

d$.$ A receives $$1800$ in cash and the receivables.

$$

$2.$ What difference would it make in Question #$1($c$),$ if there were NO $754$ election in place at the time of the distribution?

$$