Exercise $11-13($Algorithmic$)($LO$.4)$

When Bruno's basis in his LLC interest is $$283,800,$ he receives cash of $$113,520,$ a proportionate share of inventory, and land in a

distribution that liquidates both the LLC and his entire LLC interest. The inventory has a basis to the LLC of $$70,950$ and a fair market value

of $$90,816.$ The land's basis is $$127,710,$ and the fair market value is $$113,520.$ How much gain or loss does Bruno recognize, and what is

his basis in the inventory and land received in the distribution?

If an amount is zero, enter $"0".$