Content AreaNash and Ford are partners who share profits and losses equally. For the current tax year, the partnership had book net income of $70,000 which included the following deductions: Guaranteed payments to partners: Nash $35,000 Ford 25,000 Charitable contribution 5,000 What amount should be reported as ordinary income on the partnership return for the current tax year? a. $135,000 b. $130,000 c. $75,000 d. $85,000