Jabari becomes a 40% interest partner in an accounting partnership on January 1, 2021. During the year ended December 31, 2021, the business earns income of $200,000 for accounting purposes. In arriving at this income figure, the bookkeeper deducted meals and entertainment costs of $20,000, and a charitable donation of $5,000. Jabari withdraws $50,000 from the partnership during 2021. As of January 1, 2022, his adjusted cost base of his partnership interest will have increased by: $24,000. O $34,000. $36,000. $30,000.

Jabari becomes a 40% interest partner in an accounting partnership on January 1 , 2021. During the year ended December 31,2021 , the business earns income of $200,000 for accounting purposes. In arriving at this income figure, the bookkeeper deducted meals and entertainment costs of $20,000, and a charitable donation of $5,000. Jabari withdraws $50,000 from the partnership during 2021. As of January 1,2022 , his adjusted cost base of his partnership interest will have increased by: $24,000. $34,000. $36,000. $30,000