In 2020 T acquired a partnership interest in Teal Partnership for $50,000 and became a material participant in the activity. In addition, he assumed responsibility for $20,000, which was his share of the partnerships existing liabilities. What is the at risk amount?

12b)Same fact but also, Ts share of the partnerships income for 2020 was $25,000, and he withdrew $10,000 from the partnership during the year. What is the at risk amount?