(The following information applies to the questions displayed below.] Jefferson Millinery Inc. (JMI) decided to liquidate its wholly owned subsidiary, 8 Miles High Inc. (8MH). 8MH had the following tax accounting balance sheet: Appreciation Cash Building Land Total Adjusted FMV Basis $242,500 $242,500 82,750 23,250 159,750 91,500 $485,000 $357,250 59,500 68,250 $127,750 c. What is JMI's tax basis in the building and land after the complete liquidation? Building Land Tax basis S OS X This is a numeric cell, so please enter numbers only