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At the beginning of 2020, Fran purchased a general partner interest in ABC Partnership for $50,000 cash. Fran's 2020 Schedule K-1 reported that her share

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At the beginning of 2020, Fran purchased a general partner interest in ABC Partnership for $50,000 cash. Fran's 2020 Schedule K-1 reported that her share of ABC's liabilities at year-end was $20,000 and her share of ABC's ordinary loss for 2020 was ($60,000). On January 1, 2021, Fran sold her interest in ABC to Katrina for $25,000 cash. Compute Fran's recognized gain or loss on the sale of her partnership interest. (Please enter a gain as a positive number and a loss as a negative number)

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