Jim and Jack are equal partners in J&J Interests, which has ordinary income for the year of $32,000 before guaranteed payments. Jim receives guaranteed payments of $36,000 during the year. Calculate the total amount of income or loss from the partnership that should be reported by Jim and by Jack. Assume that each partner sufficient basis in the partnership for any losses. 1. Jim should report total income of ___. 2. Jack should report total loss of ______.