In the current year, the ABC Partnership received revenues of $$600,000$ and paid the following amounts: $$160,000$ in rent, utilities, and salaries; a $$40,000$

guaranteed payment to partner Ryan; $$20,000$ to partner Amy for consulting services; and a $$40,000$ distribution to $25\%$ partner Cameron. In addition, the

partnership realized a $$20,000$ net long$-$term capital gain. Cameron's basis in his partnership interest was $$60,000$ at the beginning of the year and included his

$$25,000$ share of partnership liabilities. At the end of the year, his share of partilities was $$50,000.$

a$.$ How much income must Cameron report for the tax year?

b$.$ What is Cameron's basis in the partnership interest at the end of the year?