Julie Simmons had a 60 % interest in capital and profits of Tri-State Partnership . Her basis for this interest at the beginning of 2022 was $5,700. During the year , the Tri-State distributed the following assets to Julie. Basis Fair Market Value Cash 2,000 $2,000 Machinery 4,900 6,100 Inventory 1,500 2,000 Office Equipment 3,000 $4,300 Julie also received a guaranteed payment from the partnership in the amount of 3,000 for management services that she provided In addition , the partnership had operating income of 10,000 (before considering any of these other transactions ) and LTCLs of 20,000

Calculate the basis and return effects of the partnership transactions and withdrawals during the year for the partner

Determine the basis of any property received by the partner during the year