Owen, one of four general partners in FKH Company, a partnership formed five years ago. He shares equally in all income and losses. He receives a $20,000 guaranteed payment each year per the partnership agreement. After the first year as agreed, one of the other partners invested some extra partnership income in securities, which earned interest and dividends. At the beginning of the current tax year, Owen's adjusted basis in FKH was $11,000. He made no capital contributions or withdrawals during the year. At the end of the tax year, the FKH partnership return reported $25,000 in ordinary business income, $3,000 in portfolio interest, $8,000 in dividends, and $1,000 in charitable contributions. What is Owen's adjusted basis in FKH Company at the end of the current tax year?

a) $17,250 b) $20,000 c) $19,750 d) $ 8,750