Dad gives Son a 20% capital and profits interest in the Family Partnership. Dad holds a 70% interest, and Fred, an unrelated individual, holds a 10% interest. Dad and Fred work in the partnership, but Son does not. Dad and Fred receive reasonable compensation for their work. The partnership earns $100,000 ordinary income, and the partners agree to divide this amount based on their relative ownership interests. What income must Father, Son, and Fred report if Family Partnership is a manufacturing firm with substantial inventories?