Guaranteed payments made by a partnership to partners for services rendered to the partnership, include which of the following? a. Payments of principal on secured notes honored at maturity. b. An annual payment of $170,000 to compensate partners for services provided and determined without regard to partnership income. c. Sales of partners' assets to the partnership at guaranteed amounts regardless of market values. d. Net long-term capital gains earned by the partnership. QUESTION 34 Cate has a $100,000 basis in her partnership interest. On April 28 of the current tax year, as part of an operating distribution, the partnership distributes to her cash of $32,000, cash basis receivables with an inside basis of $0 and a fair market value of $12,000, and a parcel of land with a fair market value of $75,000 and a basis to the partnership of $56,000. After accounting for this distribution, what is Cate's basis in the land? a. $56,000 b. $63,000 c. $53,000 Od. $65,000