ca A quires Respondus LockDown Browser Time Left:2:46:02 Adesuwa BenAsemota: Attempt 1 Question 3 (3.0303 points) Saved For the year ended December 31, Year 1, the partnership of Dewey, Screwem and Howe had taxable income of $1,300,000, which included the following: Short-term capital gain on sale of artwork, $31,000; Long-term capital loss on sale of securities, $(43,000); Sect. 1231 loss on sale of office building, $(15,000); Deductible organizational expenses, $6,000; Sec. 1245 recapture from sale of machinery, 60,000 Domestic dividends in a 10% owned corporation, $10,000. The three partners share profits and losses equally. What is Howe's share of Sec. 702(a)(8) income if Howe is a LIMITED partner? (Hint: Purge out the "separately stated items " from the $1,300,000 income to arrive at Sec. 702(a) (8) income.) $439,000 $419,000 $421,000 $401,000 Question 4 (3.0303 points) MacBook Pro F2 20 888 F4 F5 $7 FB F9 F10 @ # $ % A & EK 2 3 4 5 6 8 9 O