Jayanthi and Krish each own a 50 percent general partner interest in the JK Partnership. The following information is available regarding the partnerships 2015 activities:

Sales revenue	$	740,000
Selling expenses		296,000
Depreciation expense		33,500
Long-term capital gain		7,700
Nondeductible expenses		2,450
Partnership debts, beginning of the year		192,000
Partnership debts, end of the year		214,300
Partnership distributions
Jayanthi		96,000
Krish		96,000

a-1. Calculate the partnerships ordinary (nonseparately stated) income.

a-2. Indicate which items must be separately stated. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.)

	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

b. Calculate Jayanthis allocable share of partnership items.

c. If Jayanthi has no other sources of taxable income, what is her total gross income for 2015?

d. At the beginning of the year, Jayanthis adjusted tax basis in her partnership interest was $31,750. Calculate her ending adjusted tax basis in her partnership interest.