Gamila, James, Helen, and Carlos each owns an equal interest in GJHC Partnership, a calendar$-$year$-$end, cash$-$method entity. On January $1$ of the current year, James's basis in his partnership interest is $$73,750.$ For the taxable year, the partnership generates $$80,400$ of ordinary income and $$36,000$ of dividend income. For the first five months of the year, GJHC generates $$25,750$ of ordinary income and no dividend income. On June $1,$ James sells his partnership interest to Robert for a cash payment of $$83,500.$ The partnership has the following assets and no liabilities at the sale date:

Tax Basis FMV

Cash $ $38,500$ $ $38,500$

Land held for investment $83,500108,200$

Totals $ $122,000$ $ $146,700$

a$.$ Assuming GJHC$\text{'}$s operating agreement provides that the proration method will be used to allocate income or loss when partners' interests change during the year, what is James's basis in his partnership interest on June $1$ just prior to the sale?