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5. On January of the current year, Mary (20%), Lynn (30%) and Bill (50%) are partners in the QQQ Partnership. During the current year, QQQ
5. On January of the current year, Mary (20%), Lynn (30%) and Bill (50%) are partners in the QQQ Partnership. During the current year, QQQ reports the following results: a. Ordinary income $150,000 b. Long-term Capital Gains $ 12,000 c. Short-term Capital Loss $ 7,000 d. Charitable Contribution $ 30,000 e. Special distribution to Mary to pay medical expenses $ 11,000 What are the distributive shares for each partner
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