An examination of the RB Partnerships tax books provides the following information for the current year: Operating (ordinary) income before guaranteed payments $225,000 Long-term capital gain 4,000 Guaranteed payment to Barry 25,000 Cash distributions to each partner 30,000 Interest on Georgia state bonds (exempt interest income) 2,000 Interest paid on funds used to purchase Georgia state bonds 500 Charitable contributions made by partnership 4,000 Increase in partnership liabilities from 1/1-12/31 30,000 Barry is a 30% partner in partnership capital, profits, and losses. Assume the adjusted basis of his partnership interest is $50,000 at the beginning of the year, and he shares in 30% of the partnership liabilities for basis purposes. a. What is Barrys adjusted basis for the partnership interest at the end of the year? b. How much income must Barry report on his tax return for the current year? What is the character of income