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Gross sales Cost of goods sold Repairs Depreciation Employee salaries Charitable contributions Section 1231 gain Short-term capital gain Dividends $580,000 377,000 1,500 3,000 32,000 500

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Gross sales Cost of goods sold Repairs Depreciation Employee salaries Charitable contributions Section 1231 gain Short-term capital gain Dividends $580,000 377,000 1,500 3,000 32,000 500 200 350 750 What is the partnership's ordinary income for the year? $167,500 $166.700 $167,050 $166,500

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