Carmello Is a One-Third Partner in the CDW Partnership with Equal

Carmello is a one-third partner in the CDW Partnership with equal inside and outside bases. On December 31, Carmello sells his interest to Conrad for $100,000 cash. CDW makes a §754 election and its balance sheet as of December 31 is as follows:
$$\begin{array} { | l | r | r | } \hline & \text { Basis } & \text { FMV } \\\hline \text { Cash } & \$ 60,000 & \$ 60,000 \\\hline \text { Capital asset (nondepreciable) } & \underline { 120,000 } & \underline { 240,000 } \\\hline \text { Total } & \$ 180,000 & \$ 300,000 \\\hline\end{array}$$ What is the amount of Conrad's special basis adjustment? If CDW sells the capital asset next year for $300,000, what is the amount of gain Conrad will recognize because of the sale?