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In the current year, a partnership reported the following items: Fees earned $500,000 Salary expense 100,000 Utility expense 5,000 Charitable contributions 8,000 Long-term capital gain

In the current year, a partnership reported the following items:

Fees earned

$500,000

Salary expense

100,000

Utility expense

5,000

Charitable contributions

8,000

Long-term capital gain

2,000

Office supplies

500

What is the partnership's ordinary income?

a

$388,500

b

$394,500

c

$386,500

d

$396,500

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