Max and Mack are equal partners in the Bronson Partnership. At start-up, on January 1, Year 1, Max and Mack each contributed $50,000 in cash. Bronson Partnership reports the following items during Year 1 on Schedule K: Item Year 1 Ordinary business income 46,000 Interest income 1,400 Life insurance premiums paid on lives of partners (partnership is beneficiary) 800 Penalties paid for late payment of payroll taxes 200 Guaranteed payment to Max 10,000 Purchase of land for investment 6,000 Using the table below, determine Mack's tax basis in the partnership interest at the end of Year 1. Not all entries may be needed for the determination. For any item not needed, enter a zero (0). Decreases in tax basis should be shown as negative values