Jim Cash, one of two equal parthers, contributed business property with a basis to hirn of $15,000 and a fair market value of 510,000 to the partnership of which he was a member. His capital account was credited with $10,000. The property later was sold for $8,000. As a result of this sale, what gain/loss must Jim report on his personal income tax teturn? 29.000 gain 52000los 55,000 lost s.000 loss None of these