1) Floyd and Larry, equal partners, form the Ant World Partnership. During the year, Ant World had the following revenue, expenses, gains, losses, and distributions: Cost of Goods Sold $85,000 Cash Distribution to Larry $15,000 Municipal Bond Interest $1,500 Short-Term Capital Gains $4,500 Employee Wages $45,000 Rent $12,000 Charitable Contributions $25,000 Sales $195,000 Repairs and Maintenance $3,000 Long-Term Capital Gains $10,000 Fines and Penalties $6,000 Guaranteed Payment to Floyd $15,000 Given these items, what amount of ordinary business income (loss) and what separately-stated items should be allocated to each partner for the year?