Borat owns a 20 % interest in a general partnership. In a current distribution (Borat remains a partner after the distribution) Borat receives cash of $50.000 and a piece of land with a fair market value of $200,000 and a tax basis of $70,000. Borar tax basis in this partnership interest immediately before the distribution was 330,000. What gain or loss does Borat recognize and what is hin basis in the land received in the distrution ? O A Gain recognized $90.000: bass in and $70,000 OD Gain recogrund $20,000 basis in and $70,000 OC Gain recognized $220,000, basis in und $200.000 OD Gain recognized 120.000, bis in land 50