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. If GJHC uses an interim closing of the books, what are the amount and character of James's recognized gain or loss on the sale