Terry owns a nondepreciable capital asset held for investment. The asset was purchased for $320,000 six years earlier and is now subject to a $40,000 liability. During the current year, Terry transfers the asset to Todd in exchange for $190,000 cash and a new automobile with a $70,000 FMV to be used by Terry for personal use; Todd assumes the $40,000 liability. What is the amount of Terry's realized gain or loss on the exchange