Victor is a one-third partner in the VRX Partnership, with an outside basis of $156,000 on January 1. Victor sells his partnership interest to Raj on January 1 for $200,000 cash. The VRX Partnership has the following assets and no liabilities as of January 1: (Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount.) Basis FMV Cash $ 17,000 $ 17,000 Accounts receivable 0 15,000 Inventory 83,400 92,000 Equipment 160,000 245,000 Stock investment 67,500 96,000 Totals $ 327,900 $465,000 The equipment was purchased for $220,000 and the partnership has taken $60,000 of depreciation. The stock was purchased seven years ago. What is the amount and character of Victor's gain or loss on the sale of his partnership interest?