Mike sold his vacation home to the St. Edwards Church. The vacation home had a fair market value of $250,000. Mike inherited the vacation home from his father three years prior to the sale when the fair market value of the home was $120,000. Mike's father had an adjusted basis in the vacation home equal to $150,000. The full sales price paid by St. Edwards Church to Mike was $75,000. What amount of capital gain/loss would Mike report on his tax return for the year related to this sale?