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Mark and Pamela are equal partners in MP Partnership. The partnership, Mark, and Pamela, are calendar year taxpayers. The partnership incurred the following items in

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Mark and Pamela are equal partners in MP Partnership. The partnership, Mark, and Pamela, are calendar year taxpayers. The partnership incurred the following items in the current year: a. Compute the partnership's ordinary income and separately stated items. b. Show mark's and Pamela's share of the items in Part a. c. Compute Mark's and Pamela's ending basis in their partnership interest assuming their beginning balances are $150,000 each

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