Kim recieved 1/3 profits and capital interstin Bright Line LLC in exchange for legal services she provided.

Kim recelved a 1/3 profits and capltal interest in Bright Line, LLC in exchange for legal services she provided: In addition to her share of parthership profits or losses, she receives a $24,000 guaranteed payment each year for ongoing services she provides to the LLC. For X4, Bright Line reported the following revenues and expenses: Sales - $144,000, Cost of Goods Sold- $84,000, Depreciation Experise- $39,000, Long-Term Capital Gains - $9,000, Qualified Dividends - $5,400, and Municipal Bond Interest $3,400. How much ordinary business income (loss) will Bright Lirie allocate to Kim on her Schedule K-1 for X4 ? Muttiple Choice ($3000) $12200 51600 $21000