(TCO 7) Aretha and Alan formed the AA Partnership. Aretha contributed $50,000 cash in exchange for her 50% interest in the partnership capital and profits. During the first year of partnership operations, the following events occurred: the partnership had net taxable income of $70,000, Aretha received a distribution of $17,000 cash from the partnership, and she had a 50% share in the $40,000 of partnership recourse liabilities on the last day of the partnership year. Which of the following is Aretha's adjusted basis for her partnership interest at year end?(Points : 5