Wade & Skylar Company is a partnership that has two partners, Wade and Skylar. At the beginning of the year,

Wade's basis in the partnership is $$38,000$ while Skylar's basis is $$65,000.$ During the year, Wade transfers a

building to the partnership. The building has an adjusted basis to Wade of $$300,000$ and a fair market value of

$$400,000.$ There is a recourse mortgage attached to the building of $$200,000$ that the partnership assumes.

Wade's profit$-$sharing ratio is $40\%$ and his loss sharing ratio is $30\%.$ Skylar's profit$-$sharing ratio is $60\%$ and her

loss sharing ratio is $70\%.$ What is Wade's basis after this transaction?