Cindy owns a 25% capital and profits interest in the calendar-year Rhubarb Partnership. Her adjusted basis for her partnership interest on July 1 of the current year is $200,000. On that date, she receives a proportionate nonliquidating distribution of the following assets.

	Partnership's Basis in Asset	Asset's Fair Market Value
Cash	$120,000	$120,000
Inventory	50,000	60,000
Land (held for investment)	70,000	100,000

1. Calculate Cindy's basis in the land received.
2. Calculate Cindy's basis for her partnership interest after the distribution.
3. Calculate Cindy's basis in the inventory received.