PLEASE PROVIDE CORRECT ASNSWERS FOR PART E only

BDD Partnership is a service-oriented partnership that has three equal general partners. One of them, Barry Evans, sells his interest to another partner, Dale Allen, on December 31 (the last day of the current tax year), for $90,000 of cash and the assumption of Barry's share of partnership liabilities. (Liabilities are shared equally by the partners.) Immediately before the sale (after reecting operations for the year), the partnership's cash basis balance sheet is as shown below. We capital accounts before the sale reect the partners' bases in their partnership interests, excluding liabilities. The payment exceeds the stated fair market value of the assets because of goodwill that is not recorded on the books. Basis FlI-W Basis Fl-W Cash $120,000 $120,000 Note payable $30,000 $30,000 Accounts receivable 0 90,000 Capital aocounts Capital assets 30,000 35,000 Harry 40,000 85,000 David 40,000 05,000 Dale 40,000 85,000 Total $150,000 $285,000 Total $150,000 $285,000 If an amount is zero, enter \""0. a. What is the total amount realized by Barry on the sale? '9' 100,000 b. How much, if any, ordinary income must Barry recognize on the sale? 30,000 C. How much capital gain must Barry report? 20,000 d. What is Dale's basis in the partnership interest acquired? 100,000 e. Refer to Reg. 5 1.751-1(a)(3). What information is the seller required to provide? Complete the statement below that meets these requirements. Sale of Partnership Interest by Barry Evans This statement is filed pursuant to Reg. $ 1.751-1(a) (3). . On December 31 of the current tax year, the taxpayer sold his one-third interest in the BDD Partnership to Dale Allen. . The taxpayer's basis in the partnership interest was $ . He sold his partnership interest for $ including $ for his share of the partnership's unrealized receivables in which the partnership had a $ tax basis. Consequently, in his tax return for the year, Barry has recognized ordinary income of $ . In addition, this return reflects a $ long-term capital gain on the disposition of the partnership interest