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 Depreciation expense Long-term capital gain Nondeductible expenses Partnership debts, beginning of the year Partnership debts, end of the year Partnership distributions Jayanthi Krish $ 545,000 218,000 40,750 15,700 1,800 163,000 183,100 81,500 81,500 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? 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 $31,000. Calculate her ending adjusted tax basis in her partnership interest Req A1 Reg A2 Req B Reg C and D Calculate the partnership's ordinary (nonseparately stated) income. Ordinary income Reg A2 > income for 2020? d. At the beginning of the year, Jayanthi's adjusted tax basis in her partnership interest was $31,000. Calculate her ending adjusted tax basis in her partnership interest. Reg A1 Reg A2 ReqB Reg Cand D Indicate which items must be separately stated by selecting "Yes" and which items must not be separately stated by selecting "No". Sales revenue Seling expenses Depreciation expense Long-term capital gain Nondeductible expenses Partnership debts, beginning of the year Partnership debts, end of the year Partnership distributions Reg A1 Reg Saved Chapter 10 (5) income for 2020? d. At the beginning of the year, Jayanthi's adjusted tax basis in her partnership interest was $31,000. Calculate her ending adjusted tax basis in her partnership interest. Reg A1 Reg A2 Reg 8 ReqC and D Calculate Jayanthi's atlocable share of partnership items. Amount Ordinary income interest. Reg A1 Reg A2 Red B ReqC and D 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 $31,000. Calculate her ending adjusted tax basis in her partnership interest. Show less Amount c. Total gross incomo d. Adjusted tax basis