Form 1065 and schedule k-1

Partnership, a retail establishment Business Code: 452990. The partnership is February 1, 2019. Total Assets = $250.000. They are general partners. The David Rose and Patrick Brewer each own an equal share of the Rose Apothecary $30.000 and Patrick's basis was $32,000 to start the business. In 2019, the partnership had the following income and expense items: Sales Cost of goods sold $630,000 $400,000 Guaranteed payment to David Rose $ 50,000 $ 42,000 $ 26,000 $ 4,000 $ 3,000 $ 4,800 4,800 At the end of the year, each partner received a $8,000 cash distribution Rent Expense Depreciation Interest Expense Repairs and Maintence Expense Health insurance premiums for Rose Health insurance premiums for Brewer $ Partnership, a retail establishment Business Code: 452990. The partnership is February 1, 2019. Total Assets = $250.000. They are general partners. The David Rose and Patrick Brewer each own an equal share of the Rose Apothecary $30.000 and Patrick's basis was $32,000 to start the business. In 2019, the partnership had the following income and expense items: Sales Cost of goods sold $630,000 $400,000 Guaranteed payment to David Rose $ 50,000 $ 42,000 $ 26,000 $ 4,000 $ 3,000 $ 4,800 4,800 At the end of the year, each partner received a $8,000 cash distribution Rent Expense Depreciation Interest Expense Repairs and Maintence Expense Health insurance premiums for Rose Health insurance premiums for Brewer $