Jack receives a proportionate, non-liquidating distribution from the Colours Partnership. The distribution consists of $18,000 cash and a capital asset with an adjusted basis to the partnership of $12000 and a fair market value of $30,000. Immediately before the distribution, Jack's adjusted basis in his partnership interest is $70,000. Which of the following is correct regarding Jack's basis in the noncash property received and Jack's basis in his partnership interest after the distribution?
A: $12,000 basis in non-cash property and $40,000 basis in partnership interest
B: 30,000 basis in non-cash property and 50000 basis in partnership interest
C: $52000 basis in non-cash property and $0 basis in partnership interest
D: none of the above is correct