Patrick Purchased a One- Third Interest in the PPP Partnership

Patrick purchased a one- third interest in the PPP partnership for $600,000. At the time of the purchase, the partnership had a 754 election in effect and its only asset was land with a basis of $1,500,000. This year, PPP sells the land for $1,800,000. What is Patrick's recognized share of the gain on the sale of the land?

A) $0
B) $300,000
C) $100,000
D) none of the above