Jayanthi and Krish each own a 50 percent general partner interest in the JK Partnership. The following information is available regarding the partnership's 201/ 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 $725,000 290,000 52,250 8,700 1,000 106,000 128,500 Jayanthi Krish 53,000 53,000 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 2017? d. At the beginning of the year, Jayanthi's adjusted tax basis in her partnership interest was $35,500. Calculate her ending adjusted tax basis in her partnership interest. 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 2017? d. At the beginning of the year, Jayanthi's adjusted tax basis in her partnership interest was $35,500. Calculate her ending adjusted tax basis in her partnership interest. Answer is complete but not entirely correct Req A1 Req A2 Req BReq C and D c. If Jayanthi has no other sources of taxable income, what is her total gross income for 2017? d. At the beginning of the year, Jayanthi's adjusted tax basis in her partnership interest was $35,500. Calculate her ending adjusted tax basis in her partnership interest. Total gross income Adjusted tax basis $ 195,725 $ 188,725 C. d