Mia has an outside basis of $$50,000$ in the Brimstone Partnership, including her share of liabilities of $$25,000.$ In a liquidating distribution, she receives cash of $$15,000,$ inventory of part A worth $$8,000($inside basis to Brimstone of $$20,000)$ and inventory of part B worth $$4,000($inside basis $=$ $$4,000).$ What is Mia's recognized gain or loss on the liquidation and basis in the property received?

Multiple choice question.

$$0$ gain or loss and basis of $$15,000$ in the cash and $$20,000$ in inventory A and $$4,000$ in inventory B

$$14,000$ capital loss and basis of $$15,000$ in the cash and $$20,000$ in inventory A and $$4,000$ in inventory B

$$14,000$ capital loss and basis of $$15,000$ in the cash and $$8,000$ in inventory A and $$4,000$ in inventory B

$$0$ gain or loss and basis of $$15,000$ in the cash and $$6,667$ in Inventory A and $$3,333$ in inventory B