Compute in good form the distributable net income of the GPP, share of each partner and taxable income assuming that the GPP used: (1) itemized deductions; (2) optional standard deduction. Cost of Car, to be depriated over 5 yrs. (used in the practice registered under the Partner) Interest on Bank Deposits Salaries from the GPP Book Royalties Gross Receipts from Business (not the GPP) Cost of Sales-Business Itemized Deductions-Business 850,000 5,000 240,000 450,000 900,000 16,000 180,000 160,000 230,000 145,000