Dawn, Ethan and Gary form an equal general partnership, DEG. Dawn contributes Property #1 with a fair market value of $165,000 and an adjusted basis in her hands of $90,000. Ethan and Gary each contribute $165,000 of cash to the DEG partnership. Each partners' capital account was credited for $165,000. As permitted by law, for purposes of section 704(c), the partnership elected the traditional method for Property #1.

If the DEG partnership sells Property #1 for $210,000. What would be the book gain (loss) and tax gain (loss) allocated to Dawn, Ethan and Gary as a result of the sale of Property #1?