Help. I need assistance trying to solve this particular problem. I appreciate it.

Gaston Corporation distributes 1245 property as a dividend to its shareholders. The propertys 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 Gastons gain or loss?

Note: please provide response in Word or Excel as handwritten responses are hard to read. I appreciate it.