Rose is a 40% partner in Petals Partnership. Rose receives land as a distribution with a fair market value of $100,000 (the partnership's inside basis in the land is $60,000). The land is encumbered by a mortgage of $50,000 that Rose agrees to assume. Prior to the distribution, Rose's outside basis in the partnership was $160,000. What is Rose's basis in the land and her outside basis in the partnership after the distribution? $60,000 basis in land and $130,000 basis in partnership $100,000 basis in land and $60,000 basis in partnership $60,000 basis in land and $100,000 basis in partnership