Dave lacroix recently received a 10 percent capital and profits interest in cirque capital llc in exchange for consulting services he provided. if cirque capital had paid an outsider to provide the advice, it would have deducted the payment as compensation expense. cirque capital’s balance sheet on the day dave received his capital interest appears below: basis fair market value assets: cash $ 240,000 $ 240,000 investments 120,000 149,000 land 140,000 250,000 totals $ 500,000 $ 639,000 liabilities and capital: nonrecourse debt $ 240,000 $ 240,000 lance* 130,000 199,500 robert* 130,000 199,500 totals $ 500,000 $ 639,000 *assume that lance’s basis and robert’s basis in their llc interests equal their tax basis capital accounts plus their respective shares of nonrecourse debt. (leave no answer blank. enter zero if applicable.) a. compute and characterize any gain or loss dave may have to recognize as a result of his admission to cirque capital.