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Jared is a limited liability company owner where the limited liability company is taxed as...

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Accounting

Jared is a limited liability company owner where the limited liability company is taxed as a partnership. Jared is a 10% owner for purposes profits, losses, and capital. Jared's basis in his limited liability company interest is $60,000 at the beginning of the year. During the year the company earns $150,000 of net business income. Also during the year, Jared takes a distribution of $10,000 from the company.

What will be the value of Jared's basis in the company after all of the information reported above?

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