Geena receives a proportionate nonliquidating distribution when the basis of Geena's partnership interest is $40,000. Geena received a cash distribution of $45,000 and a property distribution (basis of $10,000; fair market value of $12,000). How much gain or loss does Geena recognize; what is the basis in the property received; and what is the remaining basis in the partnership interest? a. $0 gain or loss; $12,000 basis in property; $3,000 remaining basis b. $5,000 gain; $0 basis in property; $5,000 remaining basis c. $17,000 gain; $12,000 basis in property; $0 remaining basis d. $0 gain or loss; $10,000 basis in property; $5,000 remaining basis e. $5,000 gain; $0 basis