Dominique and Terrell are joint owners of a bookstore. The business operates as an S corporation. Dominique owns 65%, and Terrell owns 35%. The business has the following results in the current year:

Revenue	$ 1,900,000
Business expenses	950,000
Charitable contributions	43,500
Short-term capital losses	4,640
Long-term capital gains	5,800

Required:

How do Dominique and Terrell report these items for tax purposes?

\begin{tabular}{|l|l|l|l|l|} \hline & Total & Dominique (65\%) & Terrell (35\%) & Reporting Schedule \\ \cline { 2 - 5 } & & & & \\ \hline Revenues & & & & \\ \hline Expenses & & & & \\ \hline Ordinary income & & & & \\ \hline Charitable contributions & & & \\ \hline S/T capital losses & & & \\ \hline L/T capital gains & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|l|} \hline & Total & Dominique (65\%) & Terrell (35\%) & Reporting Schedule \\ \cline { 2 - 5 } & & & & \\ \hline Revenues & & & & \\ \hline Expenses & & & & \\ \hline Ordinary income & & & & \\ \hline Charitable contributions & & & \\ \hline S/T capital losses & & & \\ \hline L/T capital gains & & & \\ \hline \end{tabular}