Aiden has a 30% capital interest in the Oro Partnership and is entitled to a yearly guaranteed payment of $40,000. As of January 1, 2016, Aiden's basis in the partnership interest is $80,000. During tax year 2016, Oro had the following transactions:

Operating profit (after consideration of guaranteed payment) ...................$400,000

Interest income on City of Seattle bonds ............................................ 20,000

Short-term capital loss .................................................................. 5,000

Long-term capital gain .................................................................. 7,000

Funds borrowed from bank to provide working capital ........................... 30,000

During 2016, Aiden withdrew cash of $50,000 from Oro to help cover his living expenses. What is Aiden's basis in his partnership interest as of January 1, 2017?