The ABCD partnership has four partners. Each partners adjusted basis in the partnership interest owned by that partner was $100,000 on the first day of last year. The partnership reported net income for last year of $80,000 (there were no separately stated items to take into account). The partnership distributed pro rata to each partner identical parcels of land that each had a fair market value of $25,000 and a basis to the partnership of $10,000. What is each partners adjusted basis in the partners partnership interest at the close of last year?

a. $90,000

b. $110,000

c. $120,000

d. $170,000