inventory $($basis of $$30,000,$ fair market value of $$70,000).$ After the distribution, Anthony's recognized gain or loss and his basis in the land and inventory are:

a$.$ $$0$ gain or loss; $$170,000($land$)$; $$30,000($inventory$).$

b$.$ $$70,000$ loss; $$100,000($land$)$; $$30,000($inventory$).$

c$.$ $$30,000$ loss; $$100,000($land$)$; $$70,000($inventory$).$

d$.$ $$80,000$ loss; $$90,000($land$)$: $$30,000($inventory$).$