An examination of the XYZ Partnership's tax books provides the following information for the current year: Chris is a 20% general partner in partnership capital, profits, and losses. Assume the adjusted basis of his partnership interest is $175,000 at the beginning of the year, and he shares in 20% of the partnership's liabilities for basis purposes. Chris is a 20% general partner in partnership capital, profits, and losses. Assume the adjusted basis of his partnership interest is $175,000 at the beginning of the year, and he shares in 20% of the partnership's liabilities for basis purposes. a. Determine XYZ Partnership's ordinary income or loss and its separately stated items. b. Calculated Chris' adjusted basis in his partnership interest at the end of the year. Detailed support for your answers must be provided to receive partial credit