Can anyone help me with this return?

The Suit Source Partnership was formed ten years ago as a general partnership to custom tailor men's clothing, Suit Source is located at 123 Flamingo Drive in City, ST, 54321 and their EIN is 45-1234567. Bob Draper manages the business and has a 40% capital and profits interest. His address is 709 Brumby Way, City, ST 54321. Josh Dons owns the remaining 60% interest but is not active in the business. His address is 807 Ninth Ave, City ST 54321. The partnership values its inventory using the cost method and did not change the method used during the current year. The partnership uses the accrual method of accounting. The partnership has no foreign partners, no foreign transactions, no interests in foreign trusts and no foreign financial accounts. Dr. Cr. This partnership is neither a tax shelter nor a publicly traded partnership. No changes in ownership of partnership interest occurred during the current year. The partnership made cash distributions of $155,050 and $232,576 to Draper and Dons, respectively, on December 30 of the current year. It made no other property distributions. Suit Source, being an eligible small pass through partnership, uses the small business simplified overall method for reporting these activities. Financial statements for the current year are below: Prepare a current year (2019 for this problem) partnership return for DD partnership Suit Source Partnership Balance Sheet for January 1 and December 31 of the Current Year Account January 1, 2019 December 31, 2019 Dr. Cr. Cash $10,000 $40,000 Accounts Receivable 72,600 150,100 Inventory 200,050 146,000 Marketable Securities 220,000 260,000 Building & Equipment 374,600 465,000 Land 185,000 240,000 Acc. Depr. -Equip. $160,484 $173,100 Accounts payable 35,000 46,000 Accrued Salaries payable 14,000 18,000 Payroll taxes payable 3,416 7,106 Sales taxes payable 5,200 6,560 Mortgage payable (current) 44,000 Notes Payable (LT) 210,000 275,000 Capital account balances: 236,060 289,334 Draper Dons 354,090 434,000 52,000 Suit Source Partnership Income Statement for the 12 Months Ending December 31 of 2019 Sales Returns and allowances $2,357,000 (20,000) $200,050 624,000 600,000 42,000 12,000 1,478,050 (146,000) (1.332,050) $1,004,950 Beginning Inventory (FIFO) Purchases Labor (part of COGS) Supplies (part of COGS) Other costs (part of COGS) Goods available for sale Ending inventory COGS Gross Profit Salaries for employees Guaranteed payment: Draper Utilities Expense Depreciation Auto Expense Office Supplies Expense Advertising Expense Bad debt expense Interest expense (all trade/biz related) Rent expense Travel expense (meals cost $4,050 of this amount) R&M expense Accounting/legal expense Charitable contributions Payroll taxes Other taxes (all trade/biz related) Total expenses Operating Profit Other income and losses: Gain on sale of AB Stocke Loss on sale of CD stock Sec. 1231 gain on sale of land Interest on U.S. Treasury bills for entire year ($80,000 face amount) Dividends from 15%-owned domestic corporation NET INCOME $51,000 85,000 46,428 49,782 12,085 4,420 85,000 2,100 45,000 7,400 68,300 3,600 16,400 5,180 1,400 494,115 $510,835 $18,000 (26,075) 5,050 2,000 11,000 9,975 $520,810 See notations on next page: a. Additional 263A costs of $7,000 for the current year are included in other costs. b. Ending inventory includes the appropriate Sec. 263A cost, and no further adjustment is needed to properly state cost of sales and inventories for tax purposes. c. The partnership reports a $10,000 positive AMT adjustment for property placed in service after 1986. Suit Source acquired and placed in service $40,000 of rehabilitation expenditures for a certified historical property this year. The appropriate MACRS depreciation on the rehabilitation expenditures already is included in the MACRS depreciation total. d. The partnership made all contributions in cash to qualifying charities. e. The partnership purchased the AB stock as an investment two years ago, on December 1 for $4,000 and sold it on June 14 of the current year for $58,000. f. The partnership purchased the CD stock as an investment on February 15 of the current year for $100,000 and sold in on August 1 for $73,925. 8. The partnership used the land as a parking lot for the business. The partnership purchased the land four years ago, on March 17 for $30,000 and sold it on August 15 of the current year for $35,050. The Suit Source Partnership was formed ten years ago as a general partnership to custom tailor men's clothing, Suit Source is located at 123 Flamingo Drive in City, ST, 54321 and their EIN is 45-1234567. Bob Draper manages the business and has a 40% capital and profits interest. His address is 709 Brumby Way, City, ST 54321. Josh Dons owns the remaining 60% interest but is not active in the business. His address is 807 Ninth Ave, City ST 54321. The partnership values its inventory using the cost method and did not change the method used during the current year. The partnership uses the accrual method of accounting. The partnership has no foreign partners, no foreign transactions, no interests in foreign trusts and no foreign financial accounts. Dr. Cr. This partnership is neither a tax shelter nor a publicly traded partnership. No changes in ownership of partnership interest occurred during the current year. The partnership made cash distributions of $155,050 and $232,576 to Draper and Dons, respectively, on December 30 of the current year. It made no other property distributions. Suit Source, being an eligible small pass through partnership, uses the small business simplified overall method for reporting these activities. Financial statements for the current year are below: Prepare a current year (2019 for this problem) partnership return for DD partnership Suit Source Partnership Balance Sheet for January 1 and December 31 of the Current Year Account January 1, 2019 December 31, 2019 Dr. Cr. Cash $10,000 $40,000 Accounts Receivable 72,600 150,100 Inventory 200,050 146,000 Marketable Securities 220,000 260,000 Building & Equipment 374,600 465,000 Land 185,000 240,000 Acc. Depr. -Equip. $160,484 $173,100 Accounts payable 35,000 46,000 Accrued Salaries payable 14,000 18,000 Payroll taxes payable 3,416 7,106 Sales taxes payable 5,200 6,560 Mortgage payable (current) 44,000 Notes Payable (LT) 210,000 275,000 Capital account balances: 236,060 289,334 Draper Dons 354,090 434,000 52,000 Suit Source Partnership Income Statement for the 12 Months Ending December 31 of 2019 Sales Returns and allowances $2,357,000 (20,000) $200,050 624,000 600,000 42,000 12,000 1,478,050 (146,000) (1.332,050) $1,004,950 Beginning Inventory (FIFO) Purchases Labor (part of COGS) Supplies (part of COGS) Other costs (part of COGS) Goods available for sale Ending inventory COGS Gross Profit Salaries for employees Guaranteed payment: Draper Utilities Expense Depreciation Auto Expense Office Supplies Expense Advertising Expense Bad debt expense Interest expense (all trade/biz related) Rent expense Travel expense (meals cost $4,050 of this amount) R&M expense Accounting/legal expense Charitable contributions Payroll taxes Other taxes (all trade/biz related) Total expenses Operating Profit Other income and losses: Gain on sale of AB Stocke Loss on sale of CD stock Sec. 1231 gain on sale of land Interest on U.S. Treasury bills for entire year ($80,000 face amount) Dividends from 15%-owned domestic corporation NET INCOME $51,000 85,000 46,428 49,782 12,085 4,420 85,000 2,100 45,000 7,400 68,300 3,600 16,400 5,180 1,400 494,115 $510,835 $18,000 (26,075) 5,050 2,000 11,000 9,975 $520,810 See notations on next page: a. Additional 263A costs of $7,000 for the current year are included in other costs. b. Ending inventory includes the appropriate Sec. 263A cost, and no further adjustment is needed to properly state cost of sales and inventories for tax purposes. c. The partnership reports a $10,000 positive AMT adjustment for property placed in service after 1986. Suit Source acquired and placed in service $40,000 of rehabilitation expenditures for a certified historical property this year. The appropriate MACRS depreciation on the rehabilitation expenditures already is included in the MACRS depreciation total. d. The partnership made all contributions in cash to qualifying charities. e. The partnership purchased the AB stock as an investment two years ago, on December 1 for $4,000 and sold it on June 14 of the current year for $58,000. f. The partnership purchased the CD stock as an investment on February 15 of the current year for $100,000 and sold in on August 1 for $73,925. 8. The partnership used the land as a parking lot for the business. The partnership purchased the land four years ago, on March 17 for $30,000 and sold it on August 15 of the current year for $35,050