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On May 1, Irwin contributed $10,000 for a 20% interest in a general partnership. The partnership took out a loan for $30,000 on July 1.

On May 1, Irwin contributed $10,000 for a 20% interest in a general partnership. The partnership took out a loan for $30,000 on July 1. Irwin's distributive share of income for the year was $6,000. What is his ending basis in the partnership for this year?

A: $10,000

B: $16,000

C: $22,000

D: $46,000

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