Megan$$s basis was $$120,000$ in the MYP Partnership interest just before she received a proportionate current$($nonliquidating$)$ distribution consisting of land held for investment $($basis of $$100,000,$ fair market value of $$130,000)$ and inventory $($basis of $$80,000,$ fair market value of $$70,000).$ After the distribution, Megan$$s bases in the received assets are, respectively:$$

Select one:

a$.$

$$100,000($land$)$ and $$20,000($inventory$).$

b$.$

$$120,000($land$)$ and $$0($inventory$).$

c$.$

$$50,000($land$)$ and $$70,000($inventory$).$

d$.$

$$40,000($land$)$ and $$80,000($inventory$).$

e$.$

None of the above