Hilda invest $10,000 in a partnership. Her share of the partnership activity for the year is as follows, give Hildas ending basis in the partnership: (5 points) Show work and label each item.

Nonseparately stated income 15,000 +

Tax exempt income 500 +

Qualified dividend income 1,300

Long term capital gains 1,700 +

Short term capital loss 1,900 -

Charitable contributions 1,000

Investment interest Expense 400 -

Increase in partnership liabilities 3,000 +

Distributions to Hilda 2,000

Fines and penalties 1,200