Erica and Lena own the EL Partnership. Erica takes care of daily operations and receives a guaranteed payment for her efforts. Consider the following independent situations: (Click the icon to view the independent situations.) Requirement What amount and character of income will each partner report in each of the independent situations? Situation a. The EL Partnership reports a $12,000 long-term capital gain and no ordinary income. Erica receives a $60,000 guaranteed payment plus a 30% distributive share of all partnership income after deducting the guaranteed payment. (Use parentheses or a minus sign for loss amounts. If an input field is not used, leave the input field empty. Do not select a label or enter a zero.) More info a. The EL Partnership reports a $12,000 long-term capital gain and no ordinary income. Erica receives a $60,000 guaranteed payment plus a 30% distributive share of all partnership income after deducting the guaranteed payment. b. The EL Partnership reports $102,000 of ordinary income, before considering any guaranteed payment, and a $64,000Sec.1231 gain. Erica rceives a $54,000 guaranteed payment plus a 10% distributive share of all partnership income after deducting the guaranteed payment. c. The EL Partnership reports $100,000 of ordinary income before considering any guaranteed payment. Erica receives 40% of partnership income but no less than $55,000