Bart Contributes $100,000 to the Fish Partnership for a 40 $$\begin{array} { l r } \text { First Bank (recourse) } & \$ 10,000 \\\text { Second Bank (nonrecourse) } & 30,000\end{array}$$

Multiple Choice

Bart contributes $100,000 to the Fish Partnership for a 40% interest.During the first year of operations, Fish has a profit of $20,000.At the end of the first year, Fish has outstanding loans from the following banks. $$\begin{array} { l r } \text { First Bank (recourse) } & \$ 10,000 \\\text { Second Bank (nonrecourse) } & 30,000\end{array}$$ What is Bart's at-risk basis in Fish at the end of the first year?

A) $100,000
B) $108,000
C) $112,000
D) $124,000