Mom Partnership's tax books provides the following information for 2021:
Operating net income				$120,000
Qualified dividend income				$8,000
cash distributions to each partner				$90,000
Interest on NYS bonds				$5,000
Charitable contributions made by partnership				$10,000
Partnership took out nonrecourse liabilities				$400,000
Martha is a limited 40% partner.				40%
At 1/1/21, her partnership interest was				$100,000
Determine Martha's adjusted basis for the partnership interest on 12/31/21.
Determine the amount and character of partnership income that Martha must report from her partnership interest.