Ann is a 35% partner in the ARS Partnership. On January 1, ARS distributes $32,000 cash and land with a $32,000 fait value (inside basis 316,000); ARS has no liabilities at the date of the distribution. Ann's baus in ACS is $40,000. What is the amount and character of Ank's gain or Sous on the liquidating distribution? 50 58,000 capital gain O $24,000 capital gain O $40.000 capital gain