Landon's basis in his LBD LLC interest is $70,000 at the beginning of the tax year. His allocable share of LLC items are as follows: $23,000 of ordinary income, $2,000 tax-exempt interest income, and a $6,000 long-term capital gain. In addition, the LLC distributed $16,000 of cash to Landon during the year. Assuming that the LLC had no liabilities at the beginning or the end of the year, what is Landon's ending basis in his LLC interest