Pursuant to a complete liquidation in the current year, Raphael Corporation distributes to Enrico land (basis of $100,000, fair market value of $80,000) that was purchased three years ago and held as an investment. The land is not subject to any liability. Enrico, who owned 35% of the Raphael shares outstanding, had a basis of $55,000 in the stock.

On the liquidating distribution of land, Raphael Corporation will recognize a long-term capital loss of $20,000, and Enrico will recognize a long-term capital gain of $__________. Enrico will have a basis of $__________ in the land.