Mike, Matt, Brooke, and Kellie decide to go into business together. The form a limited partnership where Mike, Matt, and Brooke are the limited partners. They contribute the following amounts: Mike - 25,000 Matt - 10,000 Brooke - 10,000 Kellie - 5,000

Additionally, the partnership agreement states that all profits are to be distributed equally. Mike will perform services for the company and will be paid $100,000 a year for those services. The company will be able to deduct this amount from net income. In the first year of operations, the company had the following items of income:

Services - 160,000

Expenses - 24,000

Depreciation - 28,000

Finally, no one withdraw any money from the partnership, save Matt who withdraws $15,000.

What is the maximum Kellie can withdraw without having a gain in excess of basis?