Elaine's original basis in the Hornbeam Partnership was $81,500. Her share of the taxable income from the partnership since she purchased the interest has been $326,000, and Elaine has received $244,500 in cash distributions from the partnership. Elaine did not recognize any gains as a result of the distributions. In the current year, Hornbeam also allocated $40,750 of tax-exempt interest to Elaine.

Calculate Elaine's current basis in her partnership interest.