Jayanthi and Krish each own a 50 percent general partner interest in the JK Partnership. The following information is available regarding the partnership's 2021 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 Partnership distributions 120,000 Jayanthi 50,000 Krish 50,000