Shady Acres, LLC, a general partnership, had the following balance sheets at December 31:

Basis Fair Market Value

Cash $50,000 $50,000

Accounts receivable 0 60,000

Land Assets 100,000 160,000

150,000 270,000

Capital, Bill $75,000 $130,000

Capital, Ted $50,000 $90,000

Capital, Rick $25,000 $50,000

$150,000 $270,000

On January 1, the partnership distributed $50,000 cash to Rick in complete liquidation of his one-sixth interest in the partnership. How much ordinary income will Rick recognize on receipt of the distribution under Code Sec. 751(b)?