2. 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: Basis FMV Cash $120,000 $120,000 Inventory 60,000 180,000 Total $180,000 $300,000 Nadine, capital $60,000 Wendell, capital 60,000 Louis, capital 60,000 Total $180,000 What is the amount and character of Nadine's recognized gain or loss on the distribution?