and Becky form the JB partnership. Each owning 50% of the interest. During the current year. JB reported the following: gross sales 480,000 Repairs & Maintenance 25,000 short term capital gain 18,000 Guaranteed payments to each partner 35,000 Interest Income 15,000 Cash Distribution to Jim 20,000 charitable contribution 15,000 Payment of Becky's medical bills 12,000 Dividend Income 55,000 Sales Returns and Allowance 5,000 Investment Interest Expense IRC 179 deduction 6,000 Required: a. Prepare Page 1 of F1065 b. Prepare the Schedule K