Question 3 6 pts Austin invested $25,000 in a limited partnership. His share of liabilities from mortgage dbt was initially $52,500. The property suffered a loss in income during the first year, of which Tom's share was $8,000. However, in years two through four income allocated from the account equaled a total of $12,000 ($4,000 per year). The allocated reduction in debt at the end of year 4 from amortization of the loan is equal to $1,900. What is Austin's basis in the partnership interest at the end of year 4? Show me hand-written process. Upload Choose a File