Question 4: Saved Partner Z contributes property with a $100,000 value and a basis of $60,000. Three months later, the partnership distributes $60,000 to Partner Z. The $60,000 can't be characterized as a reasonable guaranteed payment or a distribution of operating cash flow. What is Z's required gain on this transfer? DO NOT USE COMMAS OR DOLLAR SIGNS IN YOUR ANSWER!! O Question 5 (1 point) Same facts as #4. Partner Z contributes property with a $100,000 value and a basis of $60,000. Three months later, the partnership distributes $60,000 to Partner Z. The $60.000 can't be characterized as a reasonable guaranteed payment or a distribution of operating cash flow. What is the partnership's total basis in the property contributed by Z after treating this transaction as a disguised sale? DO NOT USE COMMAS OR DOLLAR SIGNS IN YOUR ANSWER!!