Jerry, a partner with 30 percent capital and profits 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 $42,000. His current-year Schedule K-1 reported an ordinary loss of $7,000, long-term capital gain of $4,800, qualified dividends of $3,800, $2,300 of non-deductible expenses, a $28,000 cash contribution, and a reduction of $5,800 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 $43,600 $63,500 $69,300