Question \#13. (6 points) Haley's entire interest in a cash-method partnership is terminated by means of the following liquidating distribution: (i) $70 of cash, (ii) inventory with a tax basis of $80 and a value of $100, and (iii) land with a tax basis of $30 and a value of $50. Assume that the partnership has held the land for many years. a. What is the basis of the land in Haley's hands after the distribution if her outside basis was $800 at the time of the distribution? b. What are the tax consequences if Haley receives only the cash and inventory (the land was not distributed to her) and her outside basis was $600 at the time of the distribution? c. Assume that Haley receives the cash, inventory and land in the distribution. What is Haley's basis in the inventory and the land after the distribution if Haley's outside basis was $350 at the time of the distribution