for the next 3 questions. Don, Peggy, and Roger operate an advertising agency located on Madison Avenue in New York City as a partnership. Don owns 60% of the business, Peggy owns 30%. and Roger owns 10%. For the current year, the advertising agency reports the following from its operations: Sales Revenues $972,000 Trade and business expenses (salaries, $457,000 utilities, rent, etc.) Charitable Contributions $30,000 Short-term Capital $46,000 Losses Long-term Capital Gains $15,000 Make sure to show all of your work in order to receive partial credit! Question 27 (3 points) Part A (3 points) By how much will Don's AGI increase due to his partnership activities? Assume has no other capital gains or losses. Note: QBI is deducted after AGI and before taxable income. for the next 3 questions. Don, Peggy, and Roger operate an advertising agency located on Madison Avenue in New York City as a partnership. Don owns 60% of the business, Peggy owns 30%. and Roger owns 10%. For the current year, the advertising agency reports the following from its operations: Sales Revenues $972,000 Trade and business expenses (salaries, $457,000 utilities, rent, etc.) Charitable Contributions $30,000 Short-term Capital $46,000 Losses Long-term Capital Gains $15,000 Make sure to show all of your work in order to receive partial credit! Question 27 (3 points) Part A (3 points) By how much will Don's AGI increase due to his partnership activities? Assume has no other capital gains or losses. Note: QBI is deducted after AGI and before taxable income