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Bears Partnership reported the following items of income and expense: Sales $100,000 Cost of goods sold $ 40,000 Interest expense $ 10,000 Depreciation $ 12,000

Bears Partnership reported the following items of income and expense: Sales $100,000 Cost of goods sold $ 40,000 Interest expense $ 10,000 Depreciation $ 12,000 Charitable contributions $ 5,000 Rent expense $ 16,000 Section 1245 recapture $ 4,000.


What is Bear's ordinary business income or loss for the year?

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