Mr. Poulet is a partner in a partnership with a December 31 year end. Mr. Poulets share of the partnership allocations for 2015 are as follows:

business income of $120,000

charitable donations of $1,500

partnership draws totalling $100,000

Mr. Poulets partnership interest had an adjusted cost base on January 1, 2015 of $222,000. What is the adjusted cost base on January 1, 2016?

		$120,500
		$240,500
		$242,000
		$243,500