Mr. X and Y each invested $50,000 to start a plumbing business on 01/01/2017
	Prepare 2017 PARTNERSHIP Tax Return from the following information (Use form 1065)
				Dr		Cr
Cash				23,000
Accounts Receivable				85,000
Investment in Stocks/Bonds				30,000
Equpment				185,000
Accumulated Depreciation						43,000
Accounts Payable						120,000
Partners Capital						100,000
Sales						873,000
Interest income						2,500
Dividend						1,500
Cost of sales				450,000
Salaries to X				50,000
Salaries to Y				50,000
Other salaries				85,000
Charitable Contribution				1,000
Rent				60,000
Utilities				18,000
Penalties				1,000
Advertising				24,000
Depreciation-MACRS				43,000
Contract Labor				35,000