In $2023,$ Wilmah Lansing invested in the

Eagle Limited Partnership by paying $$15,000$

cash and signing a $$40,000$ nonrecourse note.

She also pledged $$25,000$ worth of securities

for a loan obtained by the partnership. Her

basis in the securities was $$10,000.$ What

amount does Wilmah have at risk in Eagle as

of January $1,2024,$ if the partnership broke

even $($no income or loss$)?$

Refer to the facts in Problem $33$ and assume

that Eagle allocated to Wilmah net income

of $$10,000$ from operations in $2023.$ What

amount does Wilmah have at risk as of January

$1,2024?$ Would your answer be different if she

also withdrew $$5,000?$ Explain.

Refer to the facts in Problem $33$ and assume

instead that Eagle allocated to her a loss

of $$60,000$ in $2023.$ What amount does

Wilmah have at risk as of January $1,2024?$