The SLD Partnership distributes the following property to Swindler in a distribution that liquidates Swindler's interest in the partnership. Assume that no Sec. 754 election is in effect. Swindler's basis in his partnership interest before the distribution is $69,000. The adjusted bases and FMVs of the distributed property to the partnership before the distribution are as follows:

Assets Basis FMV

Cash $ 5,000 $ 5,000

Inventory 16,000 18,000

Capital Asset 1 20,000 30,000

Capital Asset 2 40,000 35,000

Total 81,000 88,000

Determine Swindler's basis in each distributed asset. Show computations for full credit.