In 2021, Fannie and Beola formed an equal General Partnership. They each invested $50,000 Cash and the Partnership obtained a bank loan for $260,000 which is still presently outstanding. The Partnership had no Income for two (2) years and incurred Deductible Expenses of $80,000 and $120,000 for the years of 2021 and 2022, respectively. In 2023, the Partnership earned $140,000 of Income. Each Partner's basis in their Partnership Interest at the end of the year of 2023 is: $ 50,000. O $150,000. $240,000. $180,000.