Mark has an outside basis in his partnership interest of $100,000. The partnership distributes cash of $50,000, Inventory with a basis of $40,000 and a FMV of $40,000, and Equipment with a FMV of $30,000 and a basis of $25,000 in a proportionate, liquidating distribution. Does Mark have any gain or loss on the distribution? What basis does Mark take in the assets received?