Jorge contributed land he held as an investment (fair market value $142,000; basis $71,750) and inventory (fair market value $97,000; basis $89,000) to ABC Corporation in exchange for 50 percent of the ABC stock (42 shares valued at $214,830) and $24,170 cash in a qualifying 351 exchange. (Negative amounts should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable.)

a-1. What amount of gain does Jorge recognize on the exchange?