Wylie is a general partner in a service$-$providing partnership and receives cash of $$369,600$ in liquidation of his partnership interest, in which he has a basis of $$277,200.$ The partnership owns no hot assets and continues in existence. After following all of the classification requirements of $736,$$$249,480$ of this amount is classified as a property payment $736(b)$ and $$120,120$ is classified as a guaranteed payment $736(a)($assume that this payment is for unstated partnership goodwill$).$

As a result of the liquidation proceeds, how much will Wylie recognize as a capital gain or loss, and how much will be ordinary income? How much can the partnership likely deduct?

Wylie recognizes a $ $$ capital. $$ and he recognizes $ $$ as ordinary income. The partnership can likely deduct $ $$ which is a $$