Tony Sells His One- Fourth Interest in the WindyCity Partnership

Tony sells his one- fourth interest in the WindyCity Partnership to Bill for $100,000 cash when the partnership's assets are as follows: $\begin{array}{|l|r|r|}\hline \text { Assets } & \text { Basis } & \text { Fair Market Value } \\\hline \text { Cash } & \$ 80,000 & \$ 80,000 \\\text { Unrealized receivables } & 0 & 72,000 \\\text { Inventory } & 80,000 & 184,000 \\\text { Land } & \underline{80,000} & 64,000 \\\text { Total } & \$ 240,000 & \$ 400,000 \\\hline\end{array}$ The partnership has no liabilities on the sale date. Tony's basis in his partnership interest on the date of the sale is $60,000. What is the amount of gain realized by Tony on the sale of his partnership interest?