Gaston Corporation distributes 1245 property as a dividend to its shareholders. The property's fair market value is $580,000, and the adjusted basis is $560,000. In addition, the amount of the recapture potential is $55,000. What is the amount and character of Gaston's gain or loss? As result of the distribution, Gaston recognizess 20,000 of ordinary income and x of 1231 gain