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 Selling expenses $ 865,000 346,000 Depreciation expense 48,750 Long-term capital gain 17,600 Nondeductible expenses 3,800 Partnership debts, beginning of the year 105,000 Partnership debts, end of the year 129,200 Partnership distributions Jayanthi Krish 52,500 52,500 Required: a-1. Calculate the partnership's ordinary (nonseparately stated) income. a-2. Indicate which items must be separately stated by selecting "Yes" and which items must not be separately stated by selecting "No". b. Calculate Jayanthi's allocable share of partnership items. c. If Jayanthi has no other sources of taxable income, what is her total gross income for 2020? d. At the beginning of the year, Jayanthi's adjusted tax basis in her partnership interest was $45,750. Calculate her ending adjusted tax basis in her partnership interest. Req A1 Req A2 Req B Req C and D Calculate the partnership's ordinary (nonseparately stated) income. Ordinary income < Req A1 Req A2 >