Mia owns a 25% interest in a continuing partnership. The partnership distributes a $35,000 cash payment to Mia, as well as, property with a basis of $20,000 and a fair market value of $30,000. Immediately before the distributions of cash and property, Mia's basis in the partnership interest was $60,000. As a result of the distribution, Mia recognizes:

A.Ordinary gain of $5,000. B.Capital gain of $5,000. C.No gain or loss is recognized. D.Capital gain of $55,000 E.Ordinary gain of $55,000