proportionate liquidating distribution in which the partnership also liquidated: $25,000 cash, inventory (basis of $4,000, fair market value of $3,000); land parcel A (basis of $5,000, fair market value of $30,000); land parcel B (basis of $18,000, fair market value of $15,000); a building (basis of $12,500, fair market value of $10,500). What basis will James have in the inventory, land parcel A; land parcel B and the building assuming his outside basis in the partnership is as follows: Part A: Assume James's basis in his partnership interest was $85,000 immediately before the distribution. inventory basis ________________________________; land parcel A basis ____________________________; land parcel B basis ____________________________; building Basis _________________________________. Part B: Assume James's basis in his partnership interest was $35,000 immediately before the distribution. inventory basis ________________________________; land parcel A basis ____________________________; land parcel B basis ____________________________; building Basis _________________________________