7. Margaryta, a one-third partner, had a $12,000 basis in her partnership interest. Margaryta withdrew from the Disney 3M's Partnership on January 1 of the current year when the partnership had the following balance sheet: Assets Basis FMV Equities Cash $12,000 $12,000 Accounts payable $9,000 $9,000 Accounts receivable Land 0 30,000 Mickey, capital 9,000 20,000 24,000 27,000 Minnie, capital 9,000 20,000 $36,000 $69,000 Margaryta, capital 9,000 20,000 $36,000 $69,000 If Margaryta received $20,000 cash in a liquidating distribution, what will she report as her gain or loss? A. No gain or loss B. $8,000 capital gain C. $11,000 captial gain D. $10,000 ordinary income, $1,000 capital gain