Determining Partnership Interest in Finance Marketing

Miguel has a 50% interest in partnership capital, profits and losses. The basis for his partnership interest is $50,000. The partners share the economic risk of loss from recourse liabilities in the same way they share partnership losses. Miguel receives a distribution of land that has a FMV of $40,000 and an adjusted basis of $30,000. The land is subject to a $15,000 liability which Miguel assumes. His basis in the partnership interest following the land distribution is
A) $12,500.
B) $20,000.
C) $27,500.
D) $35,000.