Note: use the following fact pattern for the next two questions. Melissa contributed land with a $5,000 basis and a $9,000 fair value to Oak Partnership three years ago. This year, the land is distributed to Sean, another partner in the partnership. Melissa and Sean each have a 50 percent capital and profits interest in Oak. At the time of distribution, the land's fair value was $12,000. (assume none of the precontribution gain has been previously recognized) How much gain must Melissa and Sean recognize? Melissa $2,000; Sean $2,000 Melissa - $0; Sean $4,000 Melissa - \$0; Sean - \$0 Melissa - \$4,000; Sean - \$0