payie beted by and the partnership? h. 15.3: The XYZ partnership had the following balance sheet: Basis FMV Cash $30,000 $30,000 $48,000 $93,000 $15,000 $186,000 $62,000 $62,000 $62,000 $186,000 Accounts Receivable $0 Land $36,000 Goodwill $0 Capital, X Capital, Y Capital, z $66,000 $22,000 $22,000 $22,000 $66,000 . In liquidation of his interest x receives a distribution equal to 50% of partnership income for each of the first two years after his retirement. Partnership income was $80,000 in each of those years. X was a general partner, capital was not a material income- producding factor forne eord erships end the prnens rement spedftedf that a retiring partner would be paid for their share of goodwill. How would the retirement payment be treated by X and the partnership