Required information

Problem $20-37($LO $20-2)($Algo$)$

$[$The following information applies to the questions displayed below.$]$

Joseph contributed $$44,500$ in cash and equipment with a tax basis of $$11,900$ and a fair market value of $$14,000$ to Berry

Hill Partnership in exchange for a partnership interest.

Problem $20-37$ Part a $($Algo$)$

a$.$ What is Joseph's tax basis in his partnership interest?