Item1 2 points eBook References Check my work Check My Work button is now enabled1Item 1 Item 1 2 points Problem 10-19 (Static) [LO 10-4] KLMN Partnerships financial records show the following: Gross receipts from sales $ 670,000 Cost of goods sold (460,000 ) Operating expenses (96,800 ) Business meals (6,240 ) Section 1231 loss on equipment sale (13,500 ) Charitable contribution (1,500 ) Distributions to partners (10,000 ) Required: Compute KLMNs ordinary business income for the year. (Negative amounts should be indicated by a minus sign.)