Binita contributed property with a basis of $40,000 and a value of $50,000 to the BE Partnership in exchange for a 20% interest in partnership capital and profits. During the first year of partnership operations, BE had net taxable income of $30,000 and tax-exempt interest income of $10,000. The partnership distributed $10,000 cash to Binita. Binitas adjusted basis for her partnership interest at year-end is:

a.	$36,000.
b.	$38,000.
c.	$60,000.
d.	$70,000.