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Jayanthi and Krish each own a 5 0 percent general partner interest in the JK Partnership. The following information is available regarding the partnership's 2

Jayanthi and Krish each own a 50 percent general partner interest in the JK Partnership. The following information is available regarding the partnership's 2022 activities:
Sales revenue$ 620,000
Selling expenses248,000
Depreciation expense35,750
Long-term capital gain12,300Nondeductible expenses1,600
Partnership debts, beginning of the year190,000
Partnership debts, end of the year215,800Partnership distributions
Jayanthi95,000
Krish95,000
Required:a1. Calculate the partnerships ordinary (nonseparately stated) income.a2. Indicate which items must be separately stated by selecting "Yes" and which items must not be separately stated by selecting "No".b. Calculate Jayanthis allocable share of partnership items.c. If Jayanthi has no other sources of taxable income, what is her total gross income for 2022?d. At the beginning of the year, Jayanthis adjusted tax basis in her partnership interest was $43,000. Calculate her ending adjusted tax basis in her partnership interest.

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