SYYDE 9. Avoid interruption and keep your files safe with genuine Office today. Gel genuine Office Learn more The ABC cash method general partnership, which has made a Section 754 election, had the following balance sheet at the time D purchased Cs interest for $60,000. None of the partnership's assets were contributed by a partner: EMV A/B FMV A/B Accounts receivable $ 30.000 $ Liabilities 30,000 Inventory 60.000 30,000 Capital Land (Sec. 1231) 15.000 30.000 Partner A 60.000 30.000 Building (Sec. 1231) 105,000 30,000 Partner B 60,000 30,000 Partner C 60.000 30.000 Total assets $ 210,000 $ 90.000 Total liabs. + capital $ 210.000 $ 90.000 (a) What is D's personal inside basis in each of the assets? (b) What is D's personal inside basis in the assets if he paid $70,000 for C's interest? See Temp. Reg. $ 1.755-27. (c) Same as (a), above, except that C contributed the accounts receivable at a time when the fair market value of the receivables was $30,000 and their basis was zero