Ozzello Property Management is organized as a partnership. The owners, Lorenzo, Erwin, and Michelle, share profits and losses 30:30:40. Ozzello has the following results for the current year:
Management fees $230,000 Long-term gain on sale of investments 22,000 Short-term loss on sale of investments 4,000 Salaries paid to employees 67,000 Office rent 43,000 Office expenses 19,000 Determine each partner's share of Ozzello's taxable income for the current year.