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Required informatio [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 $15,800 and that Gary and Prudence will share the remaining profits or losses in a 45/55 ratio. For year 1, the G&P partnership reports the following results Sales revenue Gain on sale of land (S1231) Cost of goods sold Depreciation-MACRS Employee wages Cash charitable contributions Municipal bond interest Other expenses $86,700 $ 8,100 $(42,700) (10,200) $(20,300) (3,900) $ 3,900 $ (5,400) (Negative amounts should be indicated by a minus sign.) a-1. How much ordinary income (loss) is allocated to Gary for the year? a-2. Compute Gary's share of separately stated items to be reported on his year 1 Schedule K-1, including his self-employment income (loss) How much ordinary income (loss) is allocated to Gary for the year? (Round your intermediate computations to the nearest whole dollar amount.) $ 3,465 Ordinary income (loss) Compute Gany's share of separately stated tems to be reported on his year 1 Schedule K-1, indlud income (loss). (Round your intermediate computations and final answers to the nearest whole dolla Total Amount Description Allocated to Gary Separately Stated Items on Schedule K-1: Section 1231 gains Cash charitable contributions Guaranteed payment Municipal bond interest Self-employment income $ 8,100 3,645 $ (3,900 (1,755) 15,80 7,110 $3,9001,755