3. Pete, a cash method taxpayer, is a partner in Peter, Paul and Mary Math Services, a calendar year partnership. Under the partnership agreement, Pete is to receive 50% of the partnership's profits or losses. Paul and Mary each get 25%. Each partner is allowed to withdraw $10,000 each month for his or her living expenses. Pete withdrew $120,000 during the year as his monthly draw of 10,000 in 2021. Mary withdrew $50,000 and Paul withdrew 100,000 , in total, during 2021. In March 2022. Pete received $50,000 as his share of distributed 2021 profits, and continued pulling $10,000 monthly withdrawals as well. The partnership earnings before partners' withdrawals for 2021 totaled $1 million. Compute Peter's gross income from the partnership for 2021 , which will be included in his 2021AGI