Randolph Is a 30% Partner in the RD Partnership

Randolph is a 30% partner in the RD Partnership. On January 1, RD distributes $15,000 cash, inventory with a fair value of $20,000 (inside basis of $10,000) , and a parcel ofland with a fair value of $10,000 (inside basis of $5,000) to Randolph in completeliquidation of his interest. RD has no liabilities at the date of the distribution. Randolph's basis in RD is $37,000. What is Randolph's basis in the distributed inventory and land?

A) $10,000 inventory, $5,000 land.
B) $10,000 inventory, $10,000 land.
C) $20,000 inventory, $10,000 land.
D) $10,000 inventory, $12,000 land.