JB Partnership Bee is a 40% partner in JB Partnership. Her beginning basis is $350,000. Below is the income statement for year 1 of JB Partnership JB Partnership Income Statement Revenue Income Interest income Dividend income Long term capital gains Total Revenue 500,000 2,000 4,500 15,000 $ $ 521,500 $ Expenses Salaries and wages (non-partners) Guaranteed payment: James Guaranteed payment: Bee Depreciation (includes $12,000 179 expense) Taxes and licenses Meals (100%) Charitable contributions Payroll penalties Total expenses Net income 47,000 110,000 60,000 50,000 17,000 16,000 2,500 1,200 303,700 217,800 8. What is Bee's share of ordinary income? 9. What is Bee's self-employment income? 10. What is Bee's basis at the end of year 1