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42. LO.3 Faye, Gary, and Heidi each have a one-third interest in the FGH Partnership. The following information is available with respect to the partnership

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42. LO.3 Faye, Gary, and Heidi each have a one-third interest in the FGH Partnership. The following information is available with respect to the partnership for the year and the amount allocable to each partner. Withdrawals Faye (20,000) -0- Gary Held Total (35.000) (10,000) (65,000) -0- 5,000 5,000 90,000 90,000 270,000 Additional contributions Allocable share of profits 90,000 Compute each partner's gross income from the partnership for the tax year

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