Mary is a 50% general partner in the WJM Partnership. The partnership's records for the current year show the following:

Gross receipts from sales $670,000 Cost of sales (500,000) Advertising expense (96,000) Charitable contributions (25,000) Dividend income 48,000 Guaranteed payment to Mary (12,000) Short-term capital loss (30,000)

Mary's outside basis at the beginning of the current year was $125,000. During the year, partnership liabilities decreased by $80,000 and the partnership made cash distributions to Mary of $55,000. Required: (a) Calculate the partnership's ordinary business income for the current year. (b) Calculate Mary's outside basis as of the end of the current year.