Question: Heather contributed $5,000 for a 25% interest in a mobile clothing boutique. She lso contributed a point of sale system with a fair market value

Heather contributed $5,000 for a 25% interest in a mobile clothing boutique. She lso contributed a point of sale system with a fair market value of $800 and an adjusted basis of$500. During the year, the boutique earned a profit of $18,000. What is Heather's partnership basis in the business at the end of the year?

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