Connie Owns a One-Third Capital and Profits Interest in the Calendar

Connie owns a one-third capital and profits interest in the calendar year CAB Partnership. Her adjusted basis for her partnership interest was $120,000 when she received a proportionate current nonliquidating) distribution of the following assets. $\begin{array}{lrr}&\text { Partnership's Basis in Asset} &\text { Asset's Fair Market Value }\\\text { Cash } & \$ 140,000 & \$ 140,000 \\\text { Land held for investment } & 30,000 & 60,000\end{array}$

a. Calculate Connie's recognized gain or loss on the distribution if any.
b. Calculate Connie's basis in the land received.
c. Calculate Connie's basis for her partnership interest after the distribution.