On December 31 , Yong sells his 10% interest in Catawissa L.C to Mei for $125,600. Yong is a calendar year taxpayer. Catawissa owns no hot assets, and its tax year ends on September 30. On October 1, Yong's basis in the LLC interest was $75,360. His share of current LLC income is $25,120 for the period in which he owned the LLC interest (October 1 to December 31 ). How much capital gain does Yong recognize on the sale? 1