Mark contributes a piece of land to the SSS Partnership in exchange for 40% interest in the partnership. The land is as follows: FMV Basis

Land $175,000 $125,000

The partnership has the following during the year:

Sales $205,100 COGS 45,000 Taxable Interesting Income 6,500 Tax-exempt Interest Income 3,000 Fines and Penalties 4,310

In addition Mark was distributed $17,500 and SSS purchased some land for $40,000 which was totally financed by a loan. What is Marks year-end outside basis in the partnership?