Requirement Complete the chart for each of the following independent distributions. Assume that all distributions are liquidating and pro rata to the partners, that no contributed property was distributed, that all precontribution gain has been recognized before these distributions, and that no Sec. 754 election is in effect. (Complete all answer boxes. Enter a "O" for any zero balances. Do not round any interim calculations, but then round all of your final answers that you enter into the tables below to the nearest whole dollar. Abbreviation used: FMV = fair market value.) Partner's Basis and Gain Loss Property Distributed Property's Basis to Partnership Property's FMV Property's Basis to Partner $ 20,000 Cash a Basis: Predistribution Postdistribution Gain or loss Land 6,000 $ 4,000 3,000 6,000 15,000 2,000 Machinery