Grace, James, Helen, and Charles each own equal interests 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 $62,000. For the taxable year, the partnership generates $80,000 of ordinary income and $30,000 of dividend income. For the first five months of the year, GJHC generates $25,000 of ordinary income and no dividend income. On June 1, James sells his partnership interest to Robert for a cash payment of $70,000. The partnership has the following assets and no liabilities at the sale date:

Tax Basis FMV Cash $ 27,000 $ 27,000 Land held for investment 80,000 100,000 Totals $ 107,000 $ 127,000

Assuming GJHC'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? (Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount.)