Nоte: unless оtherwise stаted, аssume fоr the following questions involving nonliquidаting distributions that (1) no contributed property was distributed, (2) all precontribution gain was recognized before the distribution, and (3) the distribution is pro rata. Colin is a partner in a general partnership in which he has an outside basis of $56,000 at the end of the year (prior to any distributions). On December 31, Colin receives a proportionate nonliquidating distribution of $6,000 cash and property with a $14,000 fair value and an $8,000 basis to the partnership. How much gain or loss must Colin recognize, and what is his outside basis in the partnership interest after the distribution?