The SLD Partnership distributes the following property to Swindler in a distribution that liquidates Swindlers interest in the partnership. Assume that no Sec. 754 election is in effect. Swindlers 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	16,000
Capital Assets (1)	20,000	30,000
Capital Asset (2)	40,000	35,000
Total	81,000	88,000

Determine Swindlers basis in each distributed asset. Show computations for full credit.