5.On a partnership's Form 1065, which of the following statements is NOT true? The partnership reconciles its net income (including separately stated items) to book income on Schedule M- 1 or M-3. The partnership balance sheet on Schedule L is generally presented on a financial (book) a. b. basis. c. All partnership income and expense items are reported on Form 1065, page 1 d. The partnership Analysis of Partners Capital Accounts is presented on Schedule M-2. e. None of the above statements are true