Jamie and Jane are equal partners in the JJ Partnership. The partners formed the partnership seven years ago by contributing cash. Prior to any distributions, the partners each have a $50,000 basis in their partnership interests. On december 31, the partnership makes a proportionate operating distribution to Jane of $38,750 cash and stock with a fair value of $22,000 (inside basis of $7,800). What is the amount and character of Jane's recognized gain or loss? What is Jane's remaining basis in JJ?