Dalton is a 25% partner in the Venus Partnership. At the end of 2019, his tax basis in his partnership interest was $10,000. In 2020, he received a $20,000 guaranteed payment for deductible services provided to the partnership. Guaranteed payments were not made to any other partner. Venus’s 2020 partnership income consisted of: Net business income before guaranteed payments $80,000 Net long-term capital gains $10,000

a. Compute the amount of income that Dalton should report from the partnership on his 2020 tax return?

b. Compute his tax basis at the end of the year?