Rose's interest in the equal RTL Partnership is liquidated by the RTL Partnership in a Liquidating Distribution to Rose and the remaining partners assume Rose's share of the Partnership Liabilities. Rose receives $8,000 in Cash, Unrealized Receivables of $15,000 and Equipment worth (Fair Market Value) $21,000. On the date of the sale, the Partnership's Cash Basis Balance Sheet reflected the following:Cash: Adjusted Basis - $ 36,000; Fair Market Value - $ 36,000; Unrealized Receivables: Adjusted Basis - $-0-; Fair Market Value - $45,000; Equipment: Adjusted Basis - $48,000; Fair Market Value - $63,000; Total Assets: Adjusted Basis - $ 84,000; Fair Market Value - $144,000; Notes Payable: Adjusted Basis - $ 12,000; Fair Market Value - $ 12,000; Capital Accounts: Rose Capital; Adjusted Basis - $24,000; Fair Market Value - $44,000; Tina Capital: Adjusted Basis - $24,000; Fair Market Value - $44,000; Lisa Capital: Adjusted Basis - $24,000; Fair Market Value - $44,000; Total Liabilities And Capital: Adjusted Basis - $ 84,000; Fair Market Value - $144,000. As a result of this distribution, Rose recognizes: $15,000 Ordinary Income and $1,000 Capital Gain. O No Recognized Gain or Recognized Loss. O $15,000 Ordinary Income and $1,000 Capital Loss. O $1,000 Ordinary Income and $15,000 Capital Gain