L invests $60,000 for one-third interest in the LMN Partnership as a limited par

L invests $60,000 for one-third interest in the LMN Partnership as a limited partner. During the period, L’s share of the partnership income is $120,000 and L has withdrawn $75,000. The partnership has recourse liabilities of $48,000. Using this information, what is L’s basis in the partnership assuming that L has no obligation to contribute additional funds?