Meg and Abby are equal partners in the AMPartnership, which earns$40,000 ordinaryincome, $6,000long-term capital gain(LTCG), and$2,000 Sec. 1231 loss during the current year. What is the amount and character of income that must be reported onAbby's tax return for thisyear's partnershipoperations?

A.

$22,000 ordinary income

B.

$19,000 ordinaryincome, $3,000 LTCG

C.

$20,000 ordinaryincome, $3,000LTCG, $1,000 Sec. 1231 loss

D.

$23,000 ordinaryincome, $1,000 Sec. 1231 loss