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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:

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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-tern capital gain Mondeductible expenses Partnership debts, beginning of the year Partnership debts, end of the year Partnership disebution Jayanthi Krish $ 750,000 300.000 54,750 13,800 1.550 162,000 190,000 11.000 81.000 Required: 8-1. Calculate the partnership's ordinary (nonseparately stated) Income .-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 20202 d. At the beginning of the year. Jayanthi's adjusted tax basis in her partnership interest was $42.000. Calculate her ending adjusted tax basis in her partnership Interest. Reg A1 Reg AZ RGB Reg C and D Calculate the partnership's ordinary (nonseparately stated) Income Ordinary income

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