Lara owns a 60 percent interest and Lance owns a 40 percent interest in LL Part

Lara owns a 60 percent interest and Lance owns a 40 percent interest in LL Partnership a general partnership. On January
1 2012 Lara%u2019s adjusted basis in her partnership interest was $60000 and Lance%u2019s adjusted basis for his partnership interest was $10000. During
2012 LL Partnership had net taxable ordinary income of $50000 and the following separately stated items: qualified dividend income of $1000; taxable
interest income of $2600; charitable contributions of $3000; and Section 179 expense of $20000. During 2011 partnership liabilities decreased by $25000
and there were no distributions made to either partner (assume liabilities are allocated in proportion to their percentage ownership of the partnership). Which
of the following correctly states the basis in each partner%u2019s interest in LL Partnership on December 31 2012?.

a. Lara: $63360 and Lance: $12240.

b. Lara: $65520 and Lance: $12680.

c. Lara: $90360 and Lance: $30240.

d. Lara: $92160 and Lance: $31440.