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Hoki Poki, a cash-method general partnership, recorded the following items for its current tax year: Rental real estate income $3,000 Sales revenue 82,000 $ 5,000

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Hoki Poki, a cash-method general partnership, recorded the following items for its current tax year: Rental real estate income $3,000 Sales revenue 82,000 $ 5,000 13,000 $(33,000) $ (18,000) (8,000) $ (5,000) $(15,000) S1245 recapture income Interest income Cost of goods sold Depreciation-MACRS Supplies expense Employee wages Investment interest expense Partner's medical insurance premiums paid by Hoki Poki $ (7,000) As part of preparing Hoki Poki's current-year return, identify the items that should be included in computing its ordinary business income (loss) and those that should be separately stated. [Hint: See Schedule K-1 and related preparer's instructions at www.irs.gov.] If you determine an item to be an ordinary income item, include the amount to be able to calculate ordinary income. (Negative amounts should be entered with a minus sign. Leave no answer blank. Enter zero if applicable.) Ordinary Income Amount Included in Ordinary Income or Separately Stated Rental real estate income Sales revenue $1245 recapture income Interest income Cost of goods sold Depreciation-MACRS Supplies expense Employee wages Investment interest expense Partner's medical insurance premiums paid by Hoki Poki Ordinary income

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