please answer part B

Required information Problem 10-47 (LO 10-4) (Static) [The following information applies to the questions displayed below. ] Melissa, Nicole, and Ben are equal partners in the Opto Partnership (a calendar-year-end entity). Melissa decides she wants to exit the partnership and receives a proportionate distribution to liquidate her partnership interest on January 1. The partnership has no liabilities and holds the following assets as of January 1: Tax Basis FMV Cash $ 18,000 $ 18,000 Accounts receivable 0 24,000 Stock investment 7,500 12,000 Land 30,000 36,000 Totals $ 55,500 $ 90,000 Melissa receives one-third of each of the partnership assets. She has a basis in her partnership interest of $25,000. (Leave no answer blank. Enter zero if applicable.) Problem 10-47 Part a (Static) a. What are the amount and character of any recognized gain or loss to Melissa? Neither gain nor loss recognized 0 $5,000 of ordinary income 0 $17,000 of ordinary income 0 $5,000 of capital gain 0 $17,000 of capital gain [The following information applies to the questions displayed below] Melissa, Nicole, and Ben are equal partners in the Opto Partnership (a calendar-year-end entity). Melissa decides she wants to exit the partnership and receives a proportionate distribution to liquidate her partnership interest on January 1. The partnership has no liabilities and holds the following assets as of January 1: Tax Basis FMV Cash 5 18,000 $ 18,000 Accounts receivable 0 24,000 Stock investment 7 , 500 12 , 000 Land 30,000 36,000 Totals $ 55,500 $ 90,000 Melissa receives onethird of each of the partnership assets. She has a basis in her partnership interest of $25,000. (Leave no answer blank. Enter zero if applicable.) Problem 10-47 Part b (Static) b. What is Melissa's basis in the distributed assets? 6 Answer is complete but not entirely correct. Accounts receivable Stock investment