Partner X contributed land to the XYZ partnership during 2020. The land had a value of $100,000 and a basis of $60,000 to X at the time of contribution. During 2022, the partnership distributes the land to Partner Z as part of a non-liquidating distribution. At the time of the distribution, the property has a fair market value of $120,000. Which of the following statements are true?

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1	- X recognizes a gain of $40,000
2	- X recognizes a gain of $60,000
3	- The partnership's basis of the land prior to distribution is unchanged
4	- the partnership's basis the land prior to the distribution is increased to $100,000
5	- Z basis in the land taken (assuming Z has sufficient outside basis to attach) is $60,000
6	- Z basis in the land taken (assuming Z has sufficient outside basis to attach) is $100,000