Meredith has a 40 percent interest in the assets and income of the Gantt Partnership, and the basis in her partnership interest is $60,000 at the beginning of 2021. During 2021, the partnership's net loss is $45,000 and Meredith's share of the loss is $18,000. Also, Meredith receives a cash distribution from the partnership of $8,000 on June 30, 2021. a.Indicate the amount of income or loss from the partnership that should be reported by Meredith on her 2021 individual income tax return assuming she actively participates in the operations of the partnership. b. Calculate Meredith's basis in her partnership interest at the end of 2021.