TJ contributed $20,000 cash and land worth $100,000 and with an adjusted basis of $70,000 to a newly formed partnership. The land was subject to a non-recourse note payable of $50,000 which the partnership assumed and TJ personally guaranteed. TJ received an ownership share of 50% as a limited partner. During the year, the partnership took out two loans: a recourse note for $50,000 and a non-recourse note for $100,000. They made repayments of $10,000 on the original non-recourse note that TJ guaranteed. The partnership had ordinary income of $200,000 and distributed a parcel of land with a book value of $50,000 and an adjusted basis of $25,000 to TJ. What is TJs ending capital account and basis? If the partnership makes a $300,000 cash distribution to TJ, in addition to the activity discussed above, what would be the impact and what problems would this create?