The ABC general partnership has the following assets: The Land is a capital asset in the hands of the ABC partnership. Carl's book capital account balance is equal to $23,320 and his outside basis in his partnership interest is also equal to $23,320. Nancy acquires Carl's interest in the partnership by giving him a check in the amount of $31,500. a. What is the amount of any gain or loss to be recognized by Carl as a result of the sale of his partnership interest to Nancy? Explain your answer. b. The character of Carl's gain (loss) is $ of ordinary income (loss) and $ of capital gain (loss). Explain your answer. c. Nancy's outside basis in her partnership interest is equal to $ ? Explain your answer. d. Nancy's book capital account balance is equal to $ . Explain your