Aaron, Deanne, and Keon formed the Blue Bell General Partnership at the beginning of the current year. Aaron and Deanne each contributed $$136,000,$ and Keon transferred an acre of undeveloped land to the partnership. The land had a tax basis of $$73,900$ and was appraised at $$206,000.$ The land was also encumbered with a $$73,900$ nonrecourse mortgage for which no one was personally liable. All three partners agreed to split profits and losses equally. At the end of the first year, Blue Bell made a $$9,600$ principal payment on the mortgage. For the first year of operations, the partnership records disclosed the following information:

Sales revenue$ $509,000$Cost of goods sold$430,800$Operating expenses

$90,800$

Long$-$term capital gains$2,7901231$ gains$600$Charitable contributions$300$Municipal bond interest$300$Salary paid as a guaranteed payment to Deanne $($not included in expenses$)3,000$

c$-2.$ Using the information generated in answering parts $($a$)$ and $($b$),$ prepare a Schedule K$-1$ for Deanne.

Note: Visit the IRS website and download Form $1065$ Schedule K$-1.$ Enter the required values in the appropriate fields. Save your completed Tax Form to your computer and then upload it here by clicking "Browse." Next, click "Save."