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 $ 500,000 200,000 Depreciation expense 30,000 Long-term capital gain 9,000 Nondeductible expenses 2,000 Partnership debts, beginning of the year 100,000 Partnership debts, end of the year 120,000 Partnership distributions Jayanthi Krish Required: a. Complete Schedule K, Form 1065, for the partnership. b. Complete Schedule K-1, Form 1065, for Jayanthi. 50,000 50,000