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 $64,750. For the taxable year, the partnership generates $97,200 of ordinary income and $32,400 of dividend income. For the first 5 months of the year, GJHC generates $22,250 ofordinary income and no dividend income. On June 1, James sells his partnership interest to Robert for a cash payment of $73,250. The partnership has the following assets and no liabilities at the sale date:

Tax Basis FMV

Cash $43,750 $43,750

Land held for investment 97,750 118,750

Totals $141,500 $162,500

a.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.)