artner Spence had the following items reported on a partnership Schedule K-1 Ordinary income $57,000 Interest income 4,900 5,300 Dividend incom Guaranteed payment ection 179 expense 15,000 16,000 ash distribution 20,000 pence had a basis in his partnership interest of $23,000 at the begin the year. What is Spence's basis in his partnership interest at the e eyear? artner Spence had the following items reported on a partnership Schedule K-1 Ordinary income $57,000 Interest income 4,900 5,300 Dividend incom Guaranteed payment ection 179 expense 15,000 16,000 ash distribution 20,000 pence had a basis in his partnership interest of $23,000 at the begin the year. What is Spence's basis in his partnership interest at the e eyear