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5. John is a 50% partner in the Wood-Table Partnership. John's adjusted basis at the beginning of the year was $25,000. Wood-Table Partnership borrowed $300,000

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5. John is a 50% partner in the Wood-Table Partnership. John's adjusted basis at the beginning of the year was $25,000. Wood-Table Partnership borrowed $300,000 from a bank of which $180,000 remained unpaid at year end. Wood-Table had ordinary income of $150,000 at year end. What is John's basis at year end? 5. John is a 50% partner in the Wood-Table Partnership. John's adjusted basis at the beginning of the year was $25,000. Wood-Table Partnership borrowed $300,000 from a bank of which $180,000 remained unpaid at year end. Wood-Table had ordinary income of $150,000 at year end. What is John's basis at year end

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