Doris owns a one-third capital and profits interest in the calendar-year DB Partnership. Her adjusted basis for her partnership interest on July 1 of the current year is $20,800. On that date, she receives an operating distribution of her share of partnership assets shown below:

	Partnership's Basis in Asset	Asset's Fair Market Value
Cash	$ 69,000	$ 69,000
Inventory	37,600	23,200
Land	124,000	131,000

What is the amount and character of Doris's gain or loss on the distribution? What is her basis in the distributed assets?