Harold has a 50% interest in a general partnership that has a $14,000 loss for the year. He materially participates in the partnership, his basis in the partnership is $10,000 at the beginning of the year. He also has salary from other employment of $46,000. What is Harolds basis in the partnership at the end of the year?

$14,000

$10,000

$7,000

$3,000