on January 1 year 1 Malik had a basis in his partnership interest of 30,000 malik has a one-third interest and materiality participants in the partnership business. In year 1 the partnership has a $162,000 loss. In year 2 the partnership had a $114,000 profit. assuming the partnership had no outstanding liabilities what amount of income or loss must Malik report on his year 2 individual income tax return

a. $(54,000)

b. $14,000

c. $(24,000)

d. $38,000

Please answer it correctly and asap. Thanks