Mary and Scott formed a partnership that maintains its records on a calendar-year basis. The balance sheet of the MS Partnership at year-end is as follows:

	Basis			Fair Market Value
Cash	$	36		$	36
Land		72			144
Inventory		60			42
	$	168		$	222
Mary	$	84		$	111
Scott		84			111
	$	168		$	222

At the end of the current year, Kari will receive a one-third capital interest only in exchange for services rendered. Karis interest will not be subject to a substantial risk of forfeiture and the costs for the type of services she provided are typically not capitalized by the partnership. For the current year, the income and expenses from operations are equal. Consequently, the only tax consequences for the year are those relating to the admission of Kari to the partnership. (Leave no answer blank. Enter zero if applicable. Do not round intermediate calculations.)

a. Compute and characterize any gain or loss Kari may have to recognize as a result of her admission to the partnership.