A partner owns a 25-percent interest in a partnership. For the partnership tax year ended December 31, the partnership reports the following items of partnership income, gain, loss, deduction, and credit. Gross sales $400,000 Cost of goods sold 220,000 Wages 100,000 Net Section 1231 gain 50,000 Casualty loss 10,000 Interest 5,000 Depreciation 20,000 Business bad debt 5,000 Charitable contributions 5,000 Show all your work (don't just give me a lump sum) for the following. 1) Calculate the partner's distributive shares of partnership ordinary income or loss. 2) Calculate the partner's distributive shares of separately stated items