Frank is a partner in a Partnership. On January 1, the partnership distributes $15,000 cash, inventory with a fair value of $20,000 (inside basis of $10,000), and a parcel of land with a fair value of $10,000 (inside basis of $5,000) to Frank in complete liquidation of his interest. The partnership has no liabilities at the date of the distribution. Franks basis in the partnership is $37,000. What is Franks basis in the distributed inventory and land?

A. $10,000 inventory, $10,000 land B. $10,000 inventory, $5,000 land C. $20,000 inventory, $10,000 land D. $10,000 inventory, $12,000 land