3) CPA Partnership is an equal partnership in which each of the partners has a basis in her partnership interest of $25,000. CPA reports the following balance sheet: Basis FMV Inventory $35,000 $45,000 Land 25,000 55,000 Total $60,000 $100,000 Cathy, capital Patty, capital $25,000 25,000 Anna, capital 25,000 Total $75,000 A. Identify the hot assets if Patty decides to sell her interest in BPA. B. Are these assets "hot" for purposes of distributions? C. If CPA distributes the land to Patty in complete liquidation of her partnership interest, what tax issues should be considered?