Jerry, a partner with 30% capital and profit interest, received his Schedule K-1 from Plush Pillows, LP. At the beginning of the year, Jerry's tax basis in his partnership interest was $46,000. His current year Schedule K-1 reported an ordinary loss of $11,000, long-term capital gain of $4,400, qualified dividends of $3,400, $1,900 of non-deductible expenses, a $24,000 cash contribution, and a reduction of $5,400 in his share of partnership debt. What is Jerry's adjusted basis in his partnership interest at the end of the year? Multiple Choice $35,000 $42,800 $59.500 $64.900