BDD Partnership is a service-oriented partnership that has three equal general partners. One of them, Barry, sells his interest to another partner, Dale, for $90,000 cash and the assumption of Barry's share of partnership liabilities. (Liabilities are shared equally by the partners.) Immediately before the sale, the partnership's cash basis balance sheet is as shown below. Assume that the capital accounts before the sale reflect the partners' bases in their partnership interests, excluding liabilities. The payment exceeds the stated value of the assets because of goodwill that is not recorded on the books.

	Basis	FMV		Basis	FMV
Cash	$120,000	$120,000	Notes Payable	$30,000	$30,000
Accounts Receivable	0	90,000	Capital Accounts
Capital Assets	30,000	75,000	Barry	40,000	85,000
			David	40,000	85,000
			Dale	40,000	85,000
Total	$150,000	$285,000		$150,000	$285,000

A. What is the total amount realized by Barry on the sale?

B. How much, if any, ordinary income must Barry recognize on the sale?

C. How much capital gain must Barry report?

D. What is Dale's basis in the partnership interest acquired?