Required information [The following information applies to the questions displayed below.] Gamila, James, Helen, and Carlos each owns an equal interest in GJHC Partnership, a calendar-year-end, cash-method entity. On January 1 of the current year, James's basis in his partnership interest is $69,000. For the taxable year, the partnership generates $82,800 of ordinary income and $33,600 of dividend income. For the first five months of the year, GJHC generates $25,250 of ordinary income and no dividend income. On June 1, James sells his partnership interest to Robert for a cash payment of $80,250. The partnership has the following assets and no liabilities at the sale date: Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount. b. What are the amount and character of James's recognized gain or loss on the sale