Kansas, LLC is taxed as a partnership and is owned by Rick and Emma. Rick owns a 57% interest in the LLCs capital and profits. At the beginning of the year, Rick s basis in her LLC interest was $95,500, which includes her share of the LLCs nonrecourse debt. Kansas reported the following information for 2020. Assume that all expenses were ordinary and necessary and reasonable.

Description	Amount
Sales revenue	$980,000
Cost of goods sold	(379,000)
Long-term capital gain	8,000
Dividend income	5,000
Tax-exempt interest income	3,000
Guaranteed payments (50% to each member)	(120,000)
Employee wages	(50,000)
Regular tax depreciation expense	(12,000)
Meals for business expense before applying any limits	(5,000)
Entertainment expenses	(8,000)
Business travel	(7,500)
Miscellaneous deductible business expenses	(10,000)
Nondeductible fines	(5,000)
Charitable contributions	(12,000)
Cash distributions to members by percentage of profits interest	(120,000)

In addition to the above items, Kansas, LLC increased its nonrecourse debt from $100,000 as of January 1, 2020 to $150,000 as of December 31, 2020.

a. What amount of net ordinary business income for tax purposes is allocated to Rick ?

b. List and provide the amount of separately stated items allocated to Rick

c. What is Rick s outside tax basis at the end of the year?