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Jayanthl and Krish each own a 50 percent general partner interest in the JK Partnership. The following information is awailable regarding the partnership's 2021 activities:

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Jayanthl and Krish each own a 50 percent general partner interest in the JK Partnership. The following information is awailable regarding the partnership's 2021 activities: Required: a1. 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 solecting "No: b. Caiculate Jayanthi's allocable share of partnership items. c. If Jayanthi has no other sources of taxable income, what is her total gross income for 2021 ? d. At the beginning of the year, Jayanthi's adjusted tax basis in her parthership interest was $31,750. Calculate her ending adjusted tax basis in her partnership interest. Calculate Jayanthi's allocable share of partnership items. layanthi and Krish each own a 50 percent general partner interest in the JK. Partnership. The foliowing information is available egarding the partnership's 2021 activities: Required: a1. Calculate the partnership's ordinary (nonseparately stated) income. a2. 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 2021 ? d. At the beginning of the year, Jayanthi's adjusted tax basis in her partnership interest was $31,750. Calculate her ending adjusted tax basis in her partnership interest. c. If Jayanthi has no other sources of taxable income, what is her total gross income for 2021 ? d. At the beginning of the year, Jayanthi's adjusted tax basis in her partnership interest was $31,750. Calculate her ending adiusted tax basis in her partnership interest

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