Mark contributes a piece of land to the SSS Partnership in exchange for 25% interest in the partnership. The land is as follows: FMV Basis

Land $130,000 $100,000

The partnership has the following during the year:

Sales $175,000 COGS 30,000 Taxable Interesting Income 4,000 Tax-exempt Interest Income 2,500 Fines and Penalties 2,000

In addition Mark was distributed $12,000 and SSS purchased some land for $30,000 which was totally financed by a loan. What is Mark's year-end outside basis in the partnership? SHOW WORK