Randolph is a 30% partner in the RD Partnership. On January 1 RD distributes $16,000 cash and inventory with a fair value of S45800 inside basis of $22,900) to Randolph in complete liquidation of his interest. RD has no liabilities at the date of the distribution. Randolph's basis in RD is $41.050. What is the amount and character of Randolph's gain or loss on the distribution? Multiple Choice $2,150 copital loss S20,750 copital gain. S0 gain or loss $20750 copital loss