Megan is a 40% partner and Karen is a 60% partner of a newly formed partnership. Megan has an outside basis of $50,000 as of January 1, 2018. The partnership does not make any distributions during 2018 , but had $180,000 of ordinary income. In 2019 , ordinary income was $10,000. In December 2019 Megan received a $40,000 cash distribution. What is Megan's basis at January 1, 2020? Select one: a. $126,000 b. $79,000 c. $76,000 d. $86,000