Tiffany and carlos decided to liquidate their jointly owned corporation, royal oak furniture (rof). after liquidating its remaining inventory and paying off its remaining liabilities, rof had the following tax accounting balance sheet: fmv adjusted basis appreciation (depreciation) cash $ 399,000 $ 399,000 building 84,000 27,250 56,750 land 315,000 405,000 (90,000 ) total $ 798,000 $ 831,250 $ (33,250 ) under the terms of the agreement, tiffany will receive the $399,000 cash in exchange for her 50 percent interest in rof. tiffany's tax basis in her rof stock is $59,000. carlos will receive the building and land in exchange for his 50 percent interest in rof. his tax basis in the rof stock is $121,000. assume for purposes of this problem that the cash available to distribute to the shareholders has been reduced by any tax paid by the corporation on gain recognized as a result of the liquidation. (negative amounts should be indicated by a minus sign.) d. what is carlos’s tax basis in the building and land after the complete liquidation?