On January 1, 2015, Martha Carnes, fresh out of college, contributed \(\$ 10,000\) for a 30 percent interest in an accounting partnership. The senior partner was not attentive to the work, and the first year they were sued for malpractice and a judgment of \(\$ 100,000\) was entered against the firm. The firm borrowed \(\$ 50,000\) in 2015 to assist in its payment. The debt was repaid in 2017. The following shows the results of the partnership operations:

Compute Martha's reportable income (loss) for each year and the basis of her partnership interest at the end of each year.

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Year 2015 2016 2017 2018 Income/(Loss) ($100,000) 10,000 50,000 100,000