Randolph is a 30% partner in the rd partnership. on january 1, rd distributes $15,000 cash, inventory with a fair value of $20,000 (inside basis of $10,000), and a parcel of land with a fair value of $10,000 (inside basis of $5,000) to randolph in complete liquidation of his interest. rd has no liabilities at the date of the distribution. randolph's basis in rd is $37,000. what is randolph's basis in the distributed inventory and land? $10,000 inventory, $10,000 land $10,000 inventory, $5,000 land $10,000 inventory, $12,000 land $20,000 inventory, $10,000 land