This year, individual X and individual y formed XY Partnership. X contributed $71,000 cash, and Y contributed business assets with a $71,000 FMV. Y's adjusted basis in these assets was only $14,200. The partnership agreement provides that income and loss will be divided equally between the two partners. Partnership operations for the year generated a $51,400 loss. Required: How much loss may each partner deduct currently, and what basis will each partner have in her interest at the beginning of next year? Assume the excess business loss limitation does not apply to either X or Y. (Losses and deductions should be entered as negative numbers.)