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can anyone help me solve this? Problem 20-61 (LO 20-4) (Algo) [The following information applies to the questions displayed below.] The partnership agreement of the

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Problem 20-61 (LO 20-4) (Algo) [The following information applies to the questions displayed below.] The partnership agreement of the G\&P general partnership states that Gary will receive a guaranteed payment of $18,600, and that Gary and Prudence will share the remaining profits or losses in a 45/55 ratio. For year 1, the G\&P partnership reports the following results: Problem 20-61 Part a (Algo) Required: a-1. How much ordinary income (loss) is allocated to Gary for the year? a-2. Compute Gary's share of separately stated items to be reported on his year 1 Schedule K-1, including his selfemployment income (loss). Complete this question by entering your answers in the tabs below. Compute Gary's share of separately stated items to be reported on his year 1 Schedule K-1, including his self-employment income (loss). Note: Round your intermediate computations and final answers to the nearest whole dollar amount

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