Marty Is a 40 Percent Owner of MB Partnership

Marty is a 40 percent owner of MB Partnership.Marty has decided to sell his interest in the business to Emilio for $100,000 cash plus the assumption of his share of MB's liabilities.Assume Marty's inside and outside basis in MB are equal.MB shows the following balance sheet as of the sale date:
$\begin{array}{llll}\text {Assest} & \text { Basis } &\text { FMV } \\ \text { Cash } &\$160,000&\$160,000\\ \text {Receivables } &50,000&50,000\\ \text {Inveritory } &80,000&170,000\\ \text {Land held for investment } &\underline{60,000}&\underline{40,000}\\\text {Totals}&\underline{\$350,000}&\underline{\$420000}\end{array}$
$\begin{array}{llll} \text {Loiabilities ard capital: } & \\ \text { Iuiabilities} &&\$120,000\\ \text { Capital} &\text { -Marty}&92,000\\& \text { -Bary} &\underline{138,000}\\ \text { Totals} &&\underline{\$350,000}\\\end{array}$
What is the amount and character of Marty's recognized gain or loss?