Maya's is a 50% general partner in Pony Partnership and has a basis at the end of Year 1 of $10,000. During Year 2 the Pony Partnership incurs additional debt of $12,000 and a loss of $35,000. What is Maya's income/loss for YR 2?
Group of answer choices
($17,500)
($10,000)
($16,000)
($11,500)