Nadine Fimple Is a One-Third Partner in the NWL Partnership

Nadine Fimple is a one-third partner in the NWL Partnership with equal inside and outside bases.On January 1,NWL distributes $100,000 to Nadine in complete liquidation of her FPL interest.NWL's balance sheet as of January 1 is as follows:
$\begin{array}{rr}\text { Basis } & \text { FMV } \\\text { Cash}&\$ 120,000 & \$ 120,000 \\\text { Inventory}&60,000 & 180,000 \\\hline \text { Total}&\$ 180,000 & \$ 300,000\end{array}$    
$\begin{array}{l}\begin{array}{l}\text { Nadine, capital } \\\text { Wendell, capit } \\\text { Louis, capital } \\\text { Total }\end{array}\begin{array}{r}\$ \quad 60,000 \\60,000 \\60,000 \\\hline \$ \quad 180,000 \\\hline\end{array}\end{array}$ What is the amount and character of Nadine's recognized gain or loss on the distribution?