On June 1, 2016, Sid was admitted to the partnership when he purchased, for $132,000, a proportionate interest from New and Sha in the net assets and profits of the partnership. As a result of this transaction, Sid acquired a one-fifth interest in the net assets and profits of the firm. Assuming that implied goodwill is not to be recorded, what is the combined gain realized by New and Sha upon the sale of a portion of their interests in the partnership to Sid?

a $0 b $43,200 c $62,400 d $82,000