Problem 2 Wayne has a beginning basis in a partnership of $46,000. His share of income and expense from the partnership consists of the following amounts: Ordinary income Guaranteed payment Long-term capital gain $1231 gain Charitable contributions $179 expense Cash distribution $86,000 24,000 31,000 8,600 4,000 36,000 12,000 a. What is Wayne's self-employment income? b. Calculate Wayne's basis at the end of the year