Brady owns a 30% profit and loss interest in the BDM partnership. Brady acquired his interest by contributing a nondepreciable capital asset with a fair market value of $60,000 and an adjusted basis of $24,000. Meredith acquired her 50% interest by contributing cash of $100,000. Soon after forming the partnership, the asset contributed by Brady is sold for $64,000. Assuming no other transactions occur during the year, Meredith includes the following amount of partnership capital gain on her personal return.