Current Distributions.Complete the chart for each of the following independent distribu-C:10-25 tions. Assume that all distributions are nonliquidating and pro rata to the partners, that no contributed property was distributed, that all precontribution gain has been recognized before these distributions, and that no Sec. 754 election is in effect. Property's Property's Partner's Basis Property Basis to Property's Basis to and Gain/LossDistributedPartnershipFMVPartnera. Basis: Predistribution$20,000Cash$ 6,000$ 6,000 Postdistribution$______Land4,00015,000$______Gain or loss$______Machinery3,0002,000$______b.Basis: Predistribution$20,000Cash$ 3,000$ 3,000 Postdistribution$______Land6,0004,000$______Gain or loss$______Inventory7,0007,500$______c.Basis Predistribution$26,000Cash$35,000$35,000 Postdistribution$______LandParcel 16,00010,000$______Gain or loss$______LandParcel 218,00018,000$______d.Basis: Predistribution$28,000LandParcel 1$ 4,000$ 6,000$______Postdistribution$______LandParcel 26,00010,000$______Gain or loss$______LandParcel 34,00010,000$____