6. Hank is a 25% partner who sells his interest. At the time of the sale, the partnership had the following: Cash $100,000; land, basis $30,000, value $50,000; and inventory, basis $18,000, value $28,000. The partnership had $4,000 in debts. Hank's basis in his interest was $37,000. The buyer gave him $43,500 in cash. What is the purchase price for Hank's partnership interest? How much gain or loss will Hank have on the sale and what is its character