Partner Spencer had the following items reported on a partnership Schedule K-1:
Ordinary income & 57,000
Interest income & 4,900
Dividend income & 5,300
Guaranteed payment & 15,000
Section 179 expense & 16,000
Cash distribution & 20,000
Spencer had a basis In his partnership interest of 23,000 at the beginning of the year. What is Spencer's basis in his
partnership interest at the end of the year?