A partner owns a 50% 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	400,000.00
Cost of goods sold	(220,000.00)
Wages	(100,000.00)
Net Section 1231 gain	50,000.00
Casualty loss	(10,000.00)
Business interest expense	(5,000.00)
Depreciation	(20,000.00)
Business bad debt expense	(5,000.00)
Charitable contributions	(5,000.00)
What is the partner's distributive share of partnership ordinary income or loss?
What is the partner's distributive share of separately stated items?