Styling Shoes, LLC filed its 20X8 Form 1065 on March 15, 20X9. Styling had three members with the following ownership interests and tax basis at the beginning of the 20X8: (1) Jane, a member with a 25% profits and capital interest and a $11.500 outside basis. (2) Joe, a member with a 45% profits and capital interest and a $16,500 outside basis, and (3) Jack, a member with a 30% profits and capital interest and a $8.500 outside basis. The following items were reported on Styling's Schedule K for the year. ordinary income of $113,000, Section 1231 gain of $21.500, charitable contributions of $31.500, and tax-exempt income of $9,500. In addition, Styling received an additional bank loan of $18.500 during 20X8. What is Jane's tax basis after adjustment for her share of these items? Multiple Choice $39.625. $44 250 o $47,800 $75.450 Jerry, a partner with 30% capital and profit interest, received his Schedule K-1 from Plush Pillows, LP. At the beginning of the year, Jerry's tax basis in his partnership interest was $40,000. His current year Schedule K-1 reported an ordinary loss of $5,000, long-term capital gain of $5,000, qualified dividends of $4,000, $2,500 of non-deductible expenses, a $30,000 cash contribution, and a reduction of $6.000 in his share of partnership debt. What is Jerry's adjusted basis in his partnership interest at the end of the year? Multiple Choice $35,000 O $44.000 $65,500. O $71,500