Sandy and Teddy formed a partnership. Sandy received a 50% interest in partnership capital and profits in exchange for contributing land with a basis of $180,000 and a fair market value of $300,000. Teddy received a 50% interest in partnership capital and profits in exchange for contributing $300,000 of cash. Three years after the contribution date, the land contributed by Sandy is sold by the partnership to a third party for $380,000. How much taxable gain will Sandy recognize from the sale of the land?