Need help with part 4, please.

Answer the following questions regarding four liquidating distribution scenarios, the partnership also liquidates. If there is no gain or loss or if an amount is zero, enter "o". a. For each, determine the amount and character of any gain or loss to be recognized by each partner and the basis of each asset (other than cash) received. Assume for all scenarios that the distributions of hot assets are proportionate to the partners (or there are no hot assets). You can use the format in Concept Summary 11.4 (1) Rafael has a partnership basis of $58,000 and receives a distribution of $72,500 in cash. He will recognize of $ Feedback Check My Work When a partnership liquidates, the liquidating distributions to a partner usually consist of an interest in several or all of the partnership assets. The gain recognition and ordering rules parallel those for current distributions, except that the partner's entire basis in the partnership interest is allocated to the assets received in the liquidating distribution, unless the partner is required to recognize a loss. A loss may be recognized when only cash, unrealized receivables, or inventory is received in the distribution. (2) Mark has a partnership basis of $72,500. He receives $29,000 cash and a capital asset with a basis to the partnership of $36,250 and a fair market value of $58,000. He will recognize of $ . His basis in the capital asset is $ (2) Mark has a partnership basis of $72,500. He receives $29,000 cash and a capital asset with a basis to the partnership of $36,250 and a fair market value of $58,000. He will recognize of $ . His basis in the capital asset is $ Feedback Check My Work Correct (3) Neil has a partnership basis of $145,000. He receives $58,000 cash, inventory with a basis to the partnership of $43,500, and a capital asset with a partnership basis of $29,000. The inventory and capital asset have fair market values of $29,000 and $43,500, respectively. He will recognize of $ . The capital asset is allocated a basis of and the inventory will have a basis of $ Feedback Check My Work Correct (4) Oscar has a partnership basis of $58,000. He receives a distribution of $14,500 cash and an account receivable with a basis of $0 to the partnership (value is $22,040 ). He will recognize a of $ X