ABC, a three-man equal partnership, owned the following assets on December 31: Basis FMV Cash $30,000 $30,000 Accounts receivable 30,000 30,000 Inventory 30,000 50,000 Land 15,000 30,000 ABC wishes to distribute land with a basis of $5,000 (FMV $10,000) to Judy, $10,000 cash to Bert, and Jack wants specific inventory items with a basis of $6,000 and a FMV of $10,000. ABC plans to sell another item of inventory with a basis of $4,000 and a FMV of $15,000 in the near future. The partners ask your advice on whether they should give Jack the inventory now or await the pending sale before making his distribution. Discuss.