Benedict is a partner in Sherlock Enterprises LLC. He contributed $400 of cash plus $1,100 worth of property that has an adjusted basis of $700. At the end of the year, his share of liabilities is $300 and his portion of the net loss for the year was $200. What is Benedicts basis at the end of the year?

a. $1,600

b. $1,600

c. $1,200

d. $2,300