Question 51 of 75. At the beginning of the year, Ramona purchased a 10% interest in GGG Partnership. She purchased her interest from an existing partner for $25,000. In March of that year, she contributed an additional $10,000 cash to the partnership, and in April, she contributed computer equipment. Her adjusted basis in the equipment was $5,500. Ramona's Schedule K-1 (Form 1065) for that year reported ordinary income of $2,000. What is Ramona's year-end adjusted basis in the partnership? $25,000 $27,000 $40,500 $42,500