Matthew and Jessica formed Outdoor Corporation on January 2. Matthew contributed cash of $260,000 in return for 50 percent of the corporation's stock. Jessica contributed a building and land with the following fair market values and adjusted bases in return for 50 percent of the corporation's stock: Tax- FMV Adjusted Basis Building $152.000 $38,000 Land 228,000 152.000 Total $380,000 $190,000 To equalize the exchange, Outdoor Corporation paid Jessica $120,000 in addition to her stock. What amount of gain or loss does Jessica recognize on the formation of the corporation