Jerry, a partner with 30% capital and profit interest, received his schedule k-1 from plush pillows, lp. at the beginning of the year, jerry's tax basis in his partnership interest was $50,000. his current year schedule k-1 reported an ordinary loss of $15,000, long-term capital gain of $3,000, qualified dividends of $2,000, $500 of non-deductible expenses, a $10,000 cash contribution, and a reduction of $4,000 in his share of partnership debt. what is jerry's adjusted basis in his partnership interest at the end of the year?