2. The ABC Partnership (a law firm) agreement provides that A will receive a salary of $21,000 per year for his services as a lawyer without regard to the partner- ship's income, plus one-third of the taxable income or loss of the partnership after the deduction for A's salary. At the end of the year, before deducting A's salary, the partnership has net ordinary income of $12,000, long-term capital gain of $30,000, and short-term capital gain of $9,000. Before year-end, it pays $21,000 to A. The partnership and its partners are cash-method, calendar-year taxpayers. What are the results to A and to the partnership? 3. Assume alternatively in 2. above that A is to receive one-third of the net ordinary income of the partnership, as determined after taking into account all expenses except any guaranteed payment, but not less than $21,000. In addition, he is to receive one-third of the net operating losses of the partnership, as determined after taking into account all expenses except any guaranteed payments. Capital gains and losses are to be shared equally among the three partners. a. What result if the net ordinary income of the partnership (before deducting any guaranteed payment) is $90,000? b. What result if the net ordinary income of the partnership (before deducting any guaranteed payment) is $30,000? c. What result if the net ordinary income of the partnership (before deducting any guaranteed payment) is $12,000? 4. Assume in 2. above that the partnership is an accrual-method taxpayer which postpones the $21,000 salary payment to A until Year 2. What are the results to A and to the partnership