artner Betty Boop contributes property with a fair market value of $100,000 and an adjusted basis of $60,000 to a partnership in exchange for a 10% interest in capital, profits, losses, and also for purposes of liability sharing. During the first year of operations, Betty experiences the following: 1) Is allocated $50,000 of the liabilities; 2) Is allocated $15,000 of the partnership's ordinary income for both book and tax purposes; 3) is distributed $7,000 of cash by the partnership; 4) is relieved of $5,000 of partnership liabilities because of the partnership paying off a total of $50,000 of partnership liabilities. What is the ending value of Betty's outside basis