Mikaere received a proportionate liquidating distribution from the Jimsoo Partnership. This included $7,400 in cash and two capital assets: Land A with a fair market value of $20,800 and basis of $16,600 to the partnership, and Land B with a fair market value of $10,300 and basis of $16,600 to the partnership. The question asks for Mikaere's basis in the distributed assets.