Able contributes $100, 000 to the ABC partnership on its formation. Able receives a 25% interest in the partnership. In its first year the ABC partnership has $100,000 of ordinary taxable income. Able withdraws $65,000 at the end of the year. Able is taxed on how much of the partnerships ordinary income? On how much of the distribution will Able be taxed upon? What is Ables basis in the partnership at the end of the year?