Carmello is a one-third partner in the CDW Partnership with equal inside and outside bases. On December 31, Carmello sells his interest to Conrad for $101,000 cash. CDW makes a 754 election and its balance sheet as of December 31 is as follows:

	Basis	FMV
Cash	$60,150	$60,150
Capital asset (nondepreciable)	120,300	240,500
Total	$180,450	$300,650

Carmello, capital	$60,150
Doug, capital	60,150
Wendy, capital	60,150
Total	$180,450

What is the amount of Conrad's special basis adjustment? If CDW sells the capital asset next year for $299,700, what is the amount of gain Conrad will recognize because of the sale?