henry is a 75% partner in HJ Partnership. This year, the tax form he receives from HJ (Schedule K-1 of Form 1065) shows business income of $60,560. During the year, Henry received a $21,150 distribution from HJ. Assume Henry's basis in the partnership is $42,300.

a.How much must Henry report on his Form 1040 from HJ for the tax year?

$fill in the blank 1

b.Assume HJ is a S corporation. How much must Henry report on his Form 1040 from HJ for the tax year?

$fill in the blank 2