Shauna Is a 50% Partner in the SH Partnership A) $30,000 Ordinary Income, $15,000 Capital Loss

Shauna is a 50% partner in the SH Partnership. Shauna sells one-half of her interest to Kara for $60,000 cash. Just before the sale, Shauna's basis in her entire partnership interest is $150,000 including her $60,000 share of the partnership liabilities. SH's assets on the sale date are as follows:
What is the amount and character of Shauna's gain or loss on the sale?
$$\begin{array} { | l | r | r | } \hline & \text { Basis } & \text { FMV } \\\hline \text { Cash } & \$ 80,000 & \$ 80,000 \\\hline \text { Inventory } & 60,000 & 180,000 \\\hline \text { Land held for investment } & \underline { 160,000 } & \underline { 100,000 } \\\hline \text { Total } & \$ 300,000 & \$ 360,000 \\\hline\end{array}$$

A) $30,000 ordinary income, $15,000 capital loss.
B) $45,000 capital gain.
C) $15,000 capital loss.
D) $15,000 ordinary income and $30,000 capital gain.