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Mildred was an original investor in, and owns a 40% interest in, Happy Doggy Wash LLC, a dog and care company. Mildred paid $35,000 for

Mildred was an original investor in, and owns a 40% interest in, Happy Doggy Wash LLC, a dog and care company. Mildred paid $35,000 for her interest and this year Happy Doggy Wash earned a profit of $60,000. However, no distributions were made. What is Mildred's adjusted basis in her interest in the company at the end of this year? Group of answer choices $35,000 $59,000 $74,000 $90,000

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