On January 1, 2016, 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 2016 to assist in its payment. The debt was repaid in 2018. 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 2016 2017 2018 2019 Income/(Loss) ($100,000) 10,000 50,000 100,000