Matt receives a proportionate non- liquidating distribution. At the beginning of the partnership year, the basis of his partnership interest is $60,000. He received a cash distribution of $25,000.and property distribution basis $20.000 FMV $12.0000. Matts's share of partnership liabilities was reduced by $20.000 during the year. How much gain or loss does Matt recognize, what is his basis in the property he received and what is his remaining basis in the partnership interest