Preakness Partnership makes a current distribution to Prasad, consisting of $30,000 in cash, land with a fair market value of $50,000 (partnership basis $55,000), and inventory with a fair market value of $8,000 ($3,000 partnership basis). Immediately prior to the distribution, Prasad’s outside basis in the partnership was $35,000. What amount of gain will Prasad recognize on the distribution, and what is Prasad’s resulting basis in the land?