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Styling Shoes, LLC, filed its 20X8 Form 1065 on March 15, 20X9. Styling had three members with the following ownership interests and tax bases

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Styling Shoes, LLC, filed its 20X8 Form 1065 on March 15, 20X9. Styling had three members with the following ownership interests and tax bases at the beginning of 20X8: (1) Jane, a member with a 25 percent profits and capital interest and a $5,500 outside basis, (2) Joe, a member with a 45 percent profits and capital interest and a $10,500 outside basis, and (3) Jack, a member with a 30 percent profits and capital interest and a $2,500 outside basis The following items were reported on Styling's Schedule K for the year: ordinary income of $101,000, Section 1231 gain of $15,500, charitable contributions of $25,500, and tax-exempt income of $3,500. In addition, Styling received an additional bank loan of $12,500 during 20X8. What is Jane's tax basis after adjustment for her share of these items? Multiple Choice $29325 O $32,250 $34,600 $58.650

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