Ten years ago, Dudley contributed land to the Prosperity LLC. His basis in the land was $138,000. The fair market value at the contribution date was $158,700. This year, when the property's value was $276,000, the LLC distributed that property to partner Nicki. At that time, Dudley's basis in his LLC interest was $69,000 and Nicki's basis was $82,800. Assume that the partnership continues in existence and has no hot assets.

What gain or loss is recognized as a result of this distribution of precontribution gain property? What is Dudley's basis in his partnership interest following the distribution? What is Nicki's basis in the property received and her partnership interest following the distribution?

If an amount is zero, enter "0".

No gain or loss is recognized on the distribution. As a result, Dudley's basis in his partnership interest is $69,000. Nicki's basis in the property is $_____, and her basis in the partnership interest is $______.