Required information Problem 10-34 (LO 10-1) (The following information applies to the questions displayed below.] At the end of last year, Lisa, a 35 percent partner in the five- person LAMEC Partnership, has an outside basis of $69.750, including her $34.550 share of LAMEC debt. On January 1 of the current year. Lisa sells her partnership interest to Marylynn for a cash payment of $51,500 and the assumption of her share of LAMEC's debt. Problem 10-34 Part a Part 1 of 3 a. What is the amount and character of Lisa's recognized gain or loss on the sale? 3 points eBook Print O $15,300 of capital loss O $11,350 of ordinary income and $3,650 of capital gain $16,300 of capital gain O $3,150 of ordinary income and $12,650 of capital gain O $39,550 of ordinary income and $23,250 of capital loss O None of the choices are correct