4 ABC partnership is equally owned by four partners A, B, C and D.D sells his interest in partnership for $60,000 and the assumption of D's share of liabilities. Immediately before the sale the partnership cash basis balance sheet is as shown below: FMV Basis FMV Basis 40000 40000 Cash 30,000 30,000 Note Payable A's Capital 37,500 10,000 80,000 AR 0 37,500 10,000 B'S Capital 60000 30000 Capital Assets 37,500 10,000 70000 180,000 Total C's Capital D's Capital 37,500 10,000 180.000 70.000 Total What is amount realized by D on the sale Calculate total gain realized by D Separate the gain between capital gain and ordinary income w O D)