Can you please answer this question

ezto.mheducation.com C Connect Solved: AJ is a 30 percent partner in the Trane Partnership, a ... | Chegg.com Connect Exam 3 - Chapter 10 Saved Help Save & Exit Submit 18 Required information Problem 10-49 (LO 10-4) [The following information applies to the questions displayed below.] Part 3 of 4 AJ is a 30 percent partner in the Trane Partnership, a calendar year-end entity. On January 1, AJ has an outside basis in his interest in Trane of $78,750, which includes his share of the $54,600 of partnership liabilities. Trane generates $44,300 of 3.84 income during the year and does not make any changes to its liabilities. On December 31, Trane makes a proportionate points distribution of the following assets to AJ to terminate his partnership interest: (Leave no answer blank. Enter zero if applicable.) X 01:09:28 Tax Basis FMV Inventory $60, 750 $71, 900 Land 32, 300 26 , 150 Totals $93, 050 $98 , 050 Problem 10-49 Part c c. What is AJ's basis in the distributed assets? Basis Inventory $ 60,750 Land Mc Graw ducation