Randolph is a 30% partner in the RD partnership. On January 1, RD distributes $15,000 cash, inventory with a fair value of $20,000 (inside basis of $10,000). And a parcel of land with a fair value of $10,000 (inside basis of $5,000) to Randolph in complete liquidation of his interest. RD has no liabilities at the date of the distribution. Randolph's basis in RD is $37,000. What is Randolph's basis in the distributed inventory and land A. $10,000 inventory. $10,000 land B. $10,000 inventory.$5,000 land C. $20,000 inventory. $ 10,000 land D. $10,000 inventory.$12,000 land