Jason is a 50% partner in Shadow Lake Partnership. Jason's tax basis in Shadow Lake on January 1 was $40,000. During the year, Shadow Lake reported net ordinary income of $100,000 and tax exempt income of $10,000. In addition, Shadow Lake distributed $30,000 to each of the partners ($60,000 total). At the end of the tax year, Jason's share of partnership liabilities increased by $20,000. What is Jason's basis in the partnership interest at the end 2020