Roy, a partner with 30 percent capital and profits interest, received his Schedule K-1 from Junk Importers, LP. At the beginning of the year, Roy's tax basis in his partnership interest was $50,000. His current-year Schedule K-1 reported an ordinary loss of $15,000, long-term capital gain of $3,000, qualified dividends of $2,000, $500 of non-deductible expenses, a $10,000 cash contribution, and a reduction of $4,000 in his share of partnership debt. What is Roy's adjusted basis in his partnership interest at the end of the year?