Martin and Hannah form Van Buren Partnership. Each person receives an equal interest in the newly created partnership. Martin contributes $10,000 cash and land ($20,000 A/B; $55,000 FMV). Hannah contributes equipment ($8,000 A/B; $12,000 FMV) and a building ($20,000 A/B; $33,000 FMV). How much gain must the Van Buren Partnership recognize on the transfer of these assets from Martin and Hannah?