3. Palpatine is a 60% member in the DarkSide LLC. At the beginning of the tax year, his capital account showed a balance of $120,000. His capital account equals his basis in the LLC interest excluding his share of the LLCs debts. In the prior year, Palpatine had recourse debt (guaranteed by Palpatine) and nonrecourse debt of $10,000 and $20,000, respectively. During the current year, DarkSide reported net ordinary income of $200,000 and nondeductible expenses of $2,000. There were no distributions during the year. At the end of the year, Palpatine had recourse and nonrecourse debt of $20,000 and $30,000, respectively. How much is Palpatines basis in the LLC interest at the end of the year?