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  3. answer part a, also please let me know if part 2&a

answer part A, also please let me know if part 2&3 are correct! would appreciate,...

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Accounting

answer part A, also please let me know if part 2&3 are correct! would appreciate, will give thumbs up!
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8. Ashley sells her interest in Judd Enterprises, LLC (a partnership selling movies and music) Wynona (they are unrelated). At the time of the sale, Judd had the following balance sheet: The sales price is $800,000. June's basis in her partnership interest is $350,000. a. What are the tax consequences to June? ( 5 points) b. What basis will Wally take in his partnership interest? ( 5 points) you asked for wally but there is no wally in this question so I' m assuming its. partnership interest is 800,000 c. If a 754 election is in place, what will the balance sheet look like after the transaction? (5 noints)

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