Assume the same four independent distributions as in Problem C:10-25. Fill in the blanks in that problem assuming the only change in the facts is that the distributions are now liquidating distributions instead of nonliquidating distributions.
In problem 10-25

Property Distributed Partner's Basis and Property's Basis to Property's Property's Basis to Partner Gain/Loss Partnership FMV a. Basis Predistribution $20,00D Cash S6,000 S 6,000 PostdistributionS Land 4,000 15,000 Gain or loss Machinery 3,000 2,000 b Basis Predistribution $20,000 Cash S 3,000 S 3,000 Postdistribution Land 6,000 4,000 Gain or loss Inventory 7,000 7,500 c Basis Predistribution 526,00D Cash S35,000 S35,000 PostdistributionS Land-Parcel 1 6,000 10,000 Gain or 1oss Land-Parcel 218,000 18,000 d Basis PredistributionS28,000 Land-Parcel 1 S 4,000 S6,000 Postdistribution_ Land-Parcel 2 6,000 10,000 Gain or loss Land-Parcel 3 4,000 10,000