Ann has an outside basis of $40,000. AB Partnership makes the following proportionate current (nonliquidating) distribution to Ann. Basis FMV Cash $20,000 $20,000 Inventory 7,000 10,000 Land 12,000 15,000 Total $39,000 $45,000 (a) Does Ann have a gain or loss? (b) What is the basis of the distributed assets and Anns outside basis?