At the formation of Berry Partnership, Straw contributes land with a basis of $130,000 and a fair market value of $390,000, and Rasp contributes cash of $390,000. Straw and Rasp share profits and losses equally. When the land is sold two years later for $650,000, Straw must recognize a gain of how much? $260,000$520,000$130,000$390,000