June is a 20% general partner in Monotoya Partners, a general partnership. Her tax basis in her partnership interest is $50,000, consisting of her $35,000 share of partnership capital and her $15,000 share of partnership liabilities. In complete liquidation of her partnership interest, she receives a distribution of real estate (Section 1231 property in the partnership's hands) with a tax basis of $95,000 and a fair market value of $150,000. The property was not encumbered by debt of any kind. How much gain will June recognize on receipt of the distribution?