Required information [The following information applies to the questions displayed below.] Rufus is a one-quarter partner in the Adventure Partnership. On January 1 of the current year, Adventure distributes $21,300 cash to Rufus in complete liquidation of his interest. Adventure has only capital assets and no liabilities at the date of the distribution. Rufus's basis in his partnership interest is $29,400. b. What are the amount and character of Adventure's recognized gain or loss