Hilary had an outside basis in LTL General Partnership of $21,000 at the beginning of the year. LTL reported the following items on Hilary's K-1 for the year: ordinary business income of $16,000, a $21,000 reduction in Hilary's share of partnership debt, a cash distribution of $31,000, and tax-exempt income of $14,000. What is Hilary's adjusted basis at the end of the year?

• ($1,000).

• $13,000.

• $0.

• $37,000.

• $51,000.