. Wilbur Wallace had an adjusted basis in his partnership interest of $35,000 when the partnership made adistribution to him, not in complete termination of his interest, of $30,000 cash and a parcel of real estate which the partnership held as an investment. The real estate had an adjusted basis to the partnership of $10,000 and a fair market value of $15,000. As a result of this distribution:

a. Wilbur has ordinary income of $30,000, a capital gain of $15,000, and the real estate has a basis to him of $15,000.

b. Wilbur has ordinary income of $5,000, no capital gain and the real estate has a basis to him of $10,000.

c. Wilbur has no ordinary income, no capital gain, and the real estate has a basis to him of $5,000.

d. Wilbur has no ordinary income, a capital gain of $5,000, and the real estate has a basis of $10,000.

e. Wilbur has no ordinary income, a capital gain of $10,000, and the real estate has a basis of $15,000.