Wilbur owns $60$ percent and Lawrence owns $40$ percent of the profits and losses of the WL partnership. On January $1,20$X$4,$ the basis in their respective partnership interests is $$60,000$ and $$10,000.$ During $20x4,$ WL reports taxable ordinary income of $$50,000$ and has the following separately stated items: qualified dividend income of $$1,000$; taxable interest income of $$2,600$; charitable contributions of $$3,000$; and Sec. $179$ expense of $$20,000.$ During the year, partnership liabilities decreased by $$25,000$ and there were no distributions made to either partner $($assume liabilities are allocated based on profit and loss sharing ratios$).$ On December $31,20x4,$ what is the basis of each partner's interest in WL$?$ Show your work.

Wilbur

$60,000$

Lawrence

$10,000$

Tax basis at the beginning of the year

Tax basis at the end of the year