In the current year, the Northstar Partnership received revenues of $400,000 and paid the following amounts: $70,000 in rent and utilities, and $30,000 as a guaranteed payment to partner Olivia. In addition, the partnership earned $40,000 of long term capital gains during the year. Donald and Olivia each own a 50% interest in the partnership. How much income must Donald report for the tax year? a. $150,000 ordinary income, $20,000 of long-term capital gains b. $170,000 ordinary income c. $185,000 ordinary income d. $165,000 ordinary income, $20,000 of long-term capital gains