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I need some help on these two accounting questions that revolve around the taxation and treatment of Partnerships. Please let me know if additional info

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I need some help on these two accounting questions that revolve around the taxation and treatment of Partnerships. Please let me know if additional info is needed!

image text in transcribed QUESTION 2- Partnership Operations Kristie is a 30% partner in the KKM Partnership. Kaitlin and Morgan are 35% partners. During the current year, KKM reported gross receipts of $260,000 and a charitable contribution of $45,000. The partnership paid office expenses of $80,000. In addition, KKM distributed $20,000 each to partners Kaitlin and Morgan, and the partnership paid partner Kaitlin $30,000 for administrative services. What are the amounts Kristie, Kaitlin and Morgan report as income from KKM Partnership? Kristie: Kaitlin: Morgan: QUESTION 4 - Liquidating Distributions In a proportionate liquidating distribution, Ashleigh receives a distribution of accounts receivable (basis to the partnership of $0, fair market value of $40,000), and land (basis to the partnership of $40,000, fair market value of $50,000). In addition, the partnership repays all liabilities, of which Ashleigh's share was $70,000. Ashleigh's basis in the entity immediately before the distribution was $60,000, which includes her share of Partnership liabilities. As a result of the distribution, what is Ashleigh's basis in the accounts receivable and land, and how much gain or loss does she recognize

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