In a proportionate liquidating distribution, RST Partnership distributes to

partner Riley cash of $30,000, accounts receivable (basis of $0, fair market

value of $40,000), and land (basis of $65,000, fair market value of

$50,000). Riley's basis was $40,000 before the distribution.

Calculate the partners:

Gain/Loss on the distribution

Basis in the property received from the partnership

Ending basis in the partnership