3. At the beginning of the year, Elsie's basis in the E&G Partnership interest is $80,000. She receives a proportionate current (nonliquidating) distribution from the partnership consisting of land (basis of $20,000, fair market value of $50,000). After the distribution, Elsie's bases in the accounts receivable, land, and partnership interest are: a. S0; $30,000; and $50,000 b. So; $50,000, and $30,000. c. $40,000: $30,000, and $10,000. d. $40,000; $40,000; and $0. e. $0; $20,000; and $40,000. Page 2 of