Doris Owns a 1/3 Capital and Profits Interest in the Calendar-Year

Doris owns a 1/3 capital and profits interest in the calendar-year DB Partnership. Her adjusted basis for her partnership interest on July 1 of the current year is $20,000. On that date, she receives an operating distribution of her share of partnership assets shown below: $$\begin{array} { | l | r | r | } \hline & \text { Basis } & \text { FMV } \\\hline \text { Cash } & \$ 120,000 & \$ 120,000 \\\hline \text { Inventory } & 60,000 & 180,000 \\\hline \text { Total } & \$ 180,000 & \$ 300,000 \\\hline\end{array}$$ What is the amount and character of Doris' gain or loss on the distribution? What is her basis in the distributed assets?