Basis In The Accounts Receivable 539574

Nicole’s basis in her partnership interest was $160,000, including her $50,000 share of partnership liabilities. The partnership decides to liquidate, and after repaying all liabilities, distributes all remaining assets proportionately to the partners. Nicole receives $30,000 cash and accounts receivable with a $50,000 basis and a $52,000 fair market value to the partnership. What gain or loss does Nicole recognize, and what is her basis in the accounts receivable?

A.$80,000 loss; $50,000 basis

B.$78,000 loss; $52,000 basis

C.$28,000 loss; $52,000 basis.

D.$30,000 loss; $50,000 basis