M had an adjustment basis in a partnership interest of $39,000 before receiving a current distribution. In the current distribution (to which IRC Section 751 does NOT apply), M received the following: Cash basis $3,000 FMV $3,000 Inventory basis $15,000 FMV $17,000 Land 1 basis $10,000 FMV $15,000 Land 2 basis $20,000 FMV $25,000 What is M's basis in each of the items received? A. Cash $3,000, Inv $12,000, Land 1 $12,000, Land 2 $12,000 B. Cash $3,000, Inv $15,000, Land 1 $10,000, Land 2 $20,000 C. Cash $3,000, Inv $15,000, Land 1 $10,500, Land 2 $10,500 D. Cash $3,000, Inv $15,000, Land 1 $7,000, Land 2 $14,000