Due Limited Partnership was formed on February 1, 2019, with individuals Y and Z making the following contributions:

Y: Cash of $100,000

Z: Land with $100,000 fair market value and $80,000 basis

Y and Z share profits and losses equally. Due started business operations on February 1, 2019. The following current year's figures were prepared by Duo's controller, using the cash method of accounting. Y is a general partner and materially participates in business operations, and Z is a limited partner.

Gross Sales.................................................................................................................................................................................................. $700,000

Cost of goods sold ............................................................................................................................................................................... 400,000

Salaries to employees..................................................................................................................................................................... 150,000

Payroll taxes for employees .............................................................................................................................................................. 10,000

Guaranteed payment to Y............................................................................................................................................................... 51,000

Operating Expenses..................................................................................................................................................................... 150,000

Charitable contributions............................................................................................................................................................... 20,000

Accounts payable ............................................................................................................................................................................. 40,000

Nonrecourse debt.............................................................................................................................................................................. 100,000

Legal fees (paid January 15, 2019, to write the partnership agreement) ............................................................... 2,000

Calculate the following amounts (show your work).

a. Duo's taxable income for 2019

b. The items allocated to Y for 2019

c. The items allocated to Z for 2019