____ 25. Jay owns a 25% interest in the capital and profits of Grey Company (a calendar year partnership). For tax year 2016, the partnership earned revenue of $900,000 and had operating expenses of $400,000. During the year, Jay withdrew from the partnership a total of $90,000. She also invested an additional $40,000 in the partnership. For 2016, Jays gross income from the partnership is:

a.	$70,000.
b.	$175,000.
c.	$125,000.
d.	$215,000.
e.	None of the above.