Tax Corporation

At the beginning of the tax year, Barnaby's basis in the BBB Partnership was $149,600, including his $14,960 share of partnership debt. At the end of the tax year, his share of debt was $22,440. His share of the partnership's income for the year was $59,840, and he received cash distributions totaling $37,400. In addition, his share of the partnership's nontaxable income was $2,992. How much is Barnaby's basis at the end of the tax year