One year ago, Harry contributed investment land with a basis'of $50,000 and an FMV of $52,000 to the Farmland Parthership. This year, Harry has a basis in his partnetship interest of $53,000 when he receives a current distnbution of $14,000 cash and inventory with a basis of $35,000 and an FMy of 552000 . There is no Sec 751 exchange in connection wath the inventory distnbution.) The partnership continues to hold the land Harry contributed How much gain (f any) must Harry recognize a gain or loss of what as a result of this distribution? A) $12,000 B) $13,000 c) 514,000 D) $52,000