5. A and B are individuals. The AB partnership has the following balance sheet: As sets Cash Inventor}r Land {Cap Asset} Partner's Capital AB. FAIR-T AB. EMl-f 54,000 $4,000 A $4,000 $6,000 0 $4,000 E $4,000 $6.000 $4,000 $4,000 53,000 $12,000 $3,000 $12,000 The partnership distributes all the cash to A, who thereafter owns a one-i'outh interest in the partnership. [in is in the 15% tax bracket and E is in a much higher marginal hrachet, how would you structure the transaction? See Reg. Sec. 1.?51- 100(2) and Mg) Example 3(c} and Example 443:). In so doing, could you fairly act as counsel to both pat-hams\