Sheila's basis in her partnership interest was $35,000, including her $40,000 share of partnership liabilities. The partnership decides to liquidate, and after repaying all liabilities, distributes all remaining assets proportionately to the partners. Sheila receives $5,000 cash and accounts receivable ($8,000 basis and fair market value to the partnership). Which gain or loss does Sheila recognize, and which is her basis in the accounts receivable?

a. $0 gain; $8,000 basis

b. $10,000 gain; $0 basis

c. $22,000 loss; $0 basis

d. $10,000 gain; $8,000 basis

e. None of the above