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During the current year, MAC Partnership reported the following items of receipts and expenditures: Sales $600,000 Utilities and rent 80,000 Salaries to employees 200,000 Guaranteed

During the current year, MAC Partnership reported the following items of receipts and expenditures:

Sales $600,000

Utilities and rent 80,000

Salaries to employees 200,000

Guaranteed payment to partner Antonio 20,000

interest income 10,000

Long term capital gains 40,000

Distribution to partner Carl 30,000

Antonio is a 25% general partner.

a. Based on this information, what items will be reflected on Antonios Schedule K-1

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