Jayanthi and Krish each own a 50 percent general partner interest in the JK Partnership. The following information is available regarding the partnership's 2020 activities: Sales revenue $930,000 Selling expenses 372,000 Depreciation expense 53,500 Long-term capital gain. 11,500 Nondeductible expenses 3,850 Partnership debts, beginning of the year 121,000 Partnership debts, end of the year 141,900 Partnership distributions Jayanthi 60,500 Krish 60,500