Damien and Donna are equal partners in the DD Partnership. The passive activity loss, at-risk, and excess business loss limitation rules are not applicable to the partners. The partnership reports the following items on its Schedule K during the current year: Ordinary loss $10,000 Long-term capital gains 40,000 Research and experimentation credit 4,000 AMT tax preference items 6,000 Distribution to the partners 25,000 Damiens basis in his partnership interest is $80,000 at the beginning of the current year. The DD Partnerships liabilities increased by $20,000 during the current year. a. What amounts should Damien report on his individual tax return as a result of DD Partnerships activities? b. What is Damiens basis in his partnership interest after taking into account the Schedule K items