This is a Tax $4403$ course, Partnership. please help me asnwer the question. Mr$.$ A has a $50\%$ partnership interest in ABC Ltd$.$ The calculation of business income from the partnership for tax purposes before any allocation to the partners for the December $31,2021,$ taxation year is as follows:

Net income per financial statements $$775,000$

Add:

Partner salaries $150,000$

Non$-$deductible meal and entertainment expenses $5,000$

Political Contributions $152,000$

Non$-$deductible life insurance premiums $33,000340,000$

Deduct:

Capital Cost Allowance $(45,000)$

Net business income for tax purposes to be allocated $$1,070,000$

The partnership also received the following income that was not included in the calculation of business income above:

Capital dividends $60,000$

Capital gains $40,000$

Dividend income $80,000$

The adjusted cost base $($ACB$)$ Mr$.$A of his partnership interest was $$49,000$ at the beginning of the year. Mr$.$A received $50\%$ of partner salaries.

Required:

Compute the ACB of Mr$.$A$$s partnership interest in ABC Ltd$.$ at the end of the year.