Leaf, LLC, a general partnership, had the following balance sheets at December 31:

Basis Fair Market Value

Cash & Cash Equivalents $50,000 $50,000

Accounts receivable 0 90,000

Land Assets 100,000 130,000

150,000 270,000

Capital, B. $75,000 $130,000

Capital, T $50,000 $90,000

Capital, R. $25,000 $50,000

$150,000 $270,000

On January 1, the partnership distributed $50,000 cash to R in complete liquidation of his one-sixth interest in the partnership. How much ordinary income will R recognize on receipt of the distribution under Code Sec. 751(b)?