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 Wayne's self-employment income?

b. Calculate Wayne's basis at the end of the year.

a.Ordinary Income 86,000

Guaranteed PMT24,000

Section 179(36,000)

Self Employment Income74,000

a.Beginning Basis46,000

Long term Gain31,000

Guaranteed PMT24,000

1234 Gain8,600

Charitable (4,000)

Section 179(36,000)

Cash Distribution(12,000)

Ending Basis57,600

I am being told $57,600 is not correct for Waynes Basis at the end of the year, Please help?