Daniel contributed investment land having a $$17,000$ basis and a $$20,000$ FMV along with $$10,000$ in money to the DEF Partnership when it was formed. Two years$$ later, the partnership distributed the investment land Daniel had contributed to Ed$,$ another partner. At the time of the$$ distribution, the land had a $$19,000$FMV$,$ and Daniel and Ed$\text{'}$s bases in their partnership interests were $$19,000$ and $$35,000,$ respectively.

a$)$ What gain or loss must be recognized on the$$ distribution, and who must recognize$$ it$?$

b$)$ What are the bases for Calvin and Ned$\text{'}$s interests in the partnership after the$$ distribution?

c$)$ What is Ned$\text{'}$s basis in the distributed$$ land?