The adjusted basis of Peter Palmers partnership interest is $50,000. In complete liquidation of his interest in the partnership, Peter receives $15,000 in cash, inventory items having an adjusted basis to the partnership of $20,000 and a fair market value of $22,000, and two parcels of land. Parcel I has an adjusted basis to the partnership of $18,000 and a fair market value of $15,000 and Parcel II has an adjusted basis to the partnership of $12,000 and a fair market value of $10,000. What is Peters basis in each of the two parcels of land?

a. Parcel 1, $6,000; Parcel 2, $9,000

b. Parcel 1, $3,000; Parcel 2, $12,000

c. Parcel 1, $12,000; Parcel 2, $3,000

d. Parcel 1, $9,000; Parcel 2, $6,000