Wayne has a beginning basis in a partnership of $46,000. His share of income and expense from the partnership consists of the following amounts:

Ordinary income $86,000 Guaranteed payment 24,000 Long-term capital gain 31,000 1231 gain 8,600 Charitable contributions 4,000 179 expense 36,000 Cash distribution 12,000

a. What is Waynes self-employment income?

b. Calculate Waynes basis at the end of the year.

I came up with...and b is wrong....

a. What is Waynes self-employment income?

$86,000+$24,000-$36,000 = $74,000

b. Calculate Waynes basis at the end of the year?

$46,000+$24,000+$31,000+$8,600-$4,000-$36,000-$12,000= $57,600 (this one is wrong according to professor)