Flagg and Miles are each 50% partners in Decor Partnership. Each partner had a $200,000 tax basis in the partnership on January 1, 2012. Decorís 2012 net business income before guaranteed payments was $45,000. During 2012, Decor made a $7,500 guaranteed payment to Miles for deductible services rendered. What is Milesís tax basis in Decor on December 31, 2012?