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Required information [The following information applies to the questions displayed below. The partnership agreement of the G\&P general partnership states that Gary will receive a guaranteed payment of $11,000. and that Gary and Prudence will share the remaining profits or losses in a 45/55 ratio. For year 1 , the G\&P parthership reports the following results: b. Compute Gary's share of self-employment income (loss) to be reported on his year 1 Schedule K-1, assuming G\&P is a limited partnership and Gary is a limited partner. Answer is complete but not entirely correct