Jiang and Jackson are equal partners in 38 Partnership. Both partners start Year 1 with an outside basis of $10,000. Using the following information bejow, determine ( 1 ) the recognized income or loss for each partner and (2) the end-of-year outside basls for each partner: If an amount is zero, enter " 0 ". 1. Year 1: 2W generates $6,000 of ordinary business income, allocates total municipal bond interest of $300 and allocates non-deductible fines of $100. Fentack 2. Year 2: 380 generates a $20,000 loss that indudes a deduction for a guaranteed payment of $2,000 to Jiang. Both Jiang and lackson receive a cash distribution from the parthership of $7,100 each. reeterax 3. Year 3: 36, generates ordinary business incorne of $4,000 and long-term capital gains of $1,000, Jang receives a guaranteed payment of $2,000