Question: Please explain in details Daniela is a 25 percent partner in the JRD Partnership. On January 1, JRD makes a proportionate distribution of $19,500 cash,

Please explain in details

Daniela is a 25 percent partner in the JRD Partnership. On January 1, JRD makes a proportionate distribution of $19,500 cash, inventory with a $18,800 fair value (inside basis $9,400), and accounts receivable with a fair value of $9,400 (inside basis of $14,100) to Daniela. JRD has no liabilities at the date of the distribution. Daniela's basis in her JRD Partnership interest is $21,200. What is Daniela's basis in the distributed inventory and accounts receivable? Multiple Choice

$850 inventory, $850 accounts receivable.

$9,400 inventory, $14,100 accounts receivable.

$0 inventory, $4,700 accounts receivable.

$18,800 inventory, $9,400 accounts receivable.

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