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2) Dancin' In the Dark Partnership had the following revenues, expenses, gains, losses, and distributions: Sales $80,000 Long-Term Capital Gain $6,000 Qualified Dividends $5,000
2) Dancin' In the Dark Partnership had the following revenues, expenses, gains, losses, and distributions: Sales $80,000 Long-Term Capital Gain $6,000 Qualified Dividends $5,000 Cost of Goods Sold $35,000 Employee Wages $12,000 Guaranteed Payment to Managing Partner $28,000 Municipal Bond Interest $6,000 Section 179 Expense $11,000 MACRS Depreciation $9,000 Section 1231 Gains $4,000 Fines and Penalties $2,500 Given these items, what is Dancin' In the Dark's ordinary business income (loss) for the year? wwwwww
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