Wanda is a 20 percent owner of video associates, which is treated as a passthrough entity for federal income tax purposes. this year, wanda was allocated $45,000 of ordinary income from video associates, $1,000 of tax-exempt interest income, and $2,000 of nondeductible expenses. wanda also received a $10,000 distribution from video associates this year. at the beginning of the year, video associates had outstanding debt of $100,000. at the end of the year, the entity’s outstanding debts increased to $130,000. if video associates is a partnership, and her basis in her partnership interest at the beginning of the year is $30,000, determine wanda’s tax basis in her partnership interest at year-end. if video associates is an s corporation, and her basis in her s corporation stock at the beginning of the year is $10,000, determine wanda’s tax basis in her corporate stock at year-end.