Georgio owns a 20 percent profits and capital interest in Rain Tree LLC. For the current year, Rain Tree had the following revenues, expenses, gains, and losses: Sales revenue Gain on sale of land (1231) Cost of goods sold Depreciation-MACRS 179 deduction* Employee wages $ 75,250 11,400 (40,500) (7,800) (10,700) (16,000) (4,700) Municipal bond interest 7,400 Short-term capital gains 5,850 Guaranteed payment to Sandra (3,250) *Assume the 179 property placed in service limitation does not apply. Nondeductible fines and penalties