1 Jayanthi and Krish each own a 50 percent general partner interest in the JK Partnership. The following information is available regarding the partnership's 2019 activities: points Skipped Sales revenue Selling expenses Depreciation expense Long-term capital gain Nondeductible expenses Partnership debts, beginning of the year Partnership debts, end of the year Partnership distributions Jayanthi Krish $615,000 246,000 51,250 14,100 800 116,00 128,00 eBook 58,000 58, eee Print References Required: a-1. Calculate the partnership's ordinary (nonseparately stated) income. a-2. Indicate which items must be separately stated by selecting "Yes" and which items must not be separately stated by selecting "No" b. Calculate Jayanthi's allocable share of partnership items. c. If Jayanthi has no other sources of taxable income, what is her total gross income for 2019? d. At the beginning of the year, Jayanthi's adjusted tax basis in her partnership interest was $48,500. Calculate her ending adjusted tax basis in her partnership interest. Req A1 Reg A2 Reg B Req C and D Calculate the partnership's ordinary (nonseparately stated) income. Ordinary income