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Problem 4 Carrie purchased a 40% partnership interest for $86,000 in February 2019....

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Accounting

Problem 4
Carrie purchased a 40% partnership interest for $86,000 in February 2019. Her share of
partnership income in 2019 was $44,000, in 2020 was $50,000, and in 2021 was $24,000. She
made no additional contributions to, or withdrawals from, the partnership. On December 18,
2021, Carrie sold her partnership interest for $206,000. What is her gain or loss on the sale of her
partnership interest?
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