3. Partner A performs $5,000 of contract-type Code Sec. 707(a) services for the ABC partnership in December of 2023, but does not get paid until January of 2024. A and ABC are both calendar-year taxpayers, but A is on the cash basis and ABC is on the accrual basis. When will A recognize it, and when will ABC deduct it? a. Is your answer any different if A is accrual basis and ABC is on the cash basis, and the expense is not capitalized? 4. The ABCD partnership agreement provides that A will receive 25% of total partnership income before taking into account any guaranteed payment, but not less than $150,000. The guaranteed payment will come out of ordinary income. For the year the partnership has $300,000 of ordinary income (before the guaranteed payment) and $120,000 of long-term capital gains. a. How much is A's guaranteed payment? How much is her share of ordinary income? b. How much is her share of long-term capital gains? c. How much, in total, of the ordinary income and longterm capital gain will the other partners be allocated? 5. The ABCD partnership agreement provides that A will receive 25% of ordinary income before taking into account any guaranteed payment, but not less than $200,000. All capital gains will be split equally among the partners. For the year the partnership has $400,000 of ordinary income (before the guaranteed payment) and $160,000 of long-term capital gains. a. How much is A's guaranteed payment? How much is her share of ordinary income? b. How much is her share of long-term capital gains? c. How much, in total, of the ordinary income and longterm capital gain will the other partners be allocated