Elementary Capital, a partnership, has four equal partners. The partnership has the following items of income and expense for the year:

Sales Revenues$1,500,000

Short-term capital gain$40,000

Business Expenses$( 720,000)

Charitable Contributions$( 300,000)

Using the information given, how much will each partner'sAGIincrease because of Elementary's operations?

Group of answer choices

$205,000

$130,000

$385,000

None of these.

$195,000

$375,000

$125,000