Kathy purchases a one-third interest in the KDP Partnership from Paul for $60,000.Just prior to the sale,Paul's outside and inside bases in KDP are $48,000.KDP's balance sheet includes the following: 
If KDP has a §754 election in place,what is Kathy's special basis adjustment?
Definitions:
Sales Revenues
The income that a company receives from its normal business activities, usually from the sale of goods and services to customers.
Unit Sales
The quantity of items sold or number of services rendered over a given period.
Market Share Objective
A strategic business goal aimed at controlling a certain percentage of the market within a specific time.
Industry Sales
The total volume of products sold or services provided within a specific industry over a given period of time.
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