Need help with C & D, need answer within 1 hour please!!!

stated items an innut field is not used in the table love the field am donat antara zamie patenthe - Requirements a. What is JLK's financial accounting income? b. What is JLK's partnership taxable income? c. What is JLK's ordinary income (loss)? d. What are JLK's separately stated items? Print Done 11 ng urrent year. The - X Data table $ 94,000 30,000 Joss) 15,000 3,000 20,000 s or a minus s dly sta Operating profit (excluding the items listed below) Rental income Interest income Municipal bonds (tax-exempt) Corporate bonds Dividend income (all from less-than-20%-owned domestic corporations) Gains and losses on property sales: Gain on sale of land held as an investment (contributed by Jim six years ago when its basis was $9.000 and its EMV was $15,000) Long-term capital gains Short-term capital losses Sec. 1231 gain Unrecaptured Sec. 1250 gain Depreciation: Rental real estate Machinery and equipment Interest expense related to Mortgages on rental property Loans to acquire municipal bonds Guaranteed payments to Jim Low-income housing expenditures qualifying for credit 60,000 10,000 7,000 9,000 44,000 12,000 27,000 18.000 5,000 30,000 21,000 CA Requirements b, c, and d. What is JLK's partnership taxable income? What is JLK's ordinary income (loss)? What ar , Begin by determining the partnership's taxable income, then ordinary income (loss), and finally separately stated items Taxable Ordinary Income Income Income Operating profit $ 94,000 Rental income 31,000 Interest on municipal bonds Interest on corporate bonds 3,000 Dividend income 20.000 Gain on investment land 66,000 Long-term capital gain 10,000 Short-term capital loss (7,000) Sec. 1231 gain 9.000 Unrecaptured Sec 1250 gain 44,000 Expenses Depreciation (41,000) | Interest expense on mortgage (18,000) Interest expense on municipal bond loan Guaranteed payment Low-income housing expenditures $ 211,000 Total stated items an innut field is not used in the table love the field am donat antara zamie patenthe - Requirements a. What is JLK's financial accounting income? b. What is JLK's partnership taxable income? c. What is JLK's ordinary income (loss)? d. What are JLK's separately stated items? Print Done 11 ng urrent year. The - X Data table $ 94,000 30,000 Joss) 15,000 3,000 20,000 s or a minus s dly sta Operating profit (excluding the items listed below) Rental income Interest income Municipal bonds (tax-exempt) Corporate bonds Dividend income (all from less-than-20%-owned domestic corporations) Gains and losses on property sales: Gain on sale of land held as an investment (contributed by Jim six years ago when its basis was $9.000 and its EMV was $15,000) Long-term capital gains Short-term capital losses Sec. 1231 gain Unrecaptured Sec. 1250 gain Depreciation: Rental real estate Machinery and equipment Interest expense related to Mortgages on rental property Loans to acquire municipal bonds Guaranteed payments to Jim Low-income housing expenditures qualifying for credit 60,000 10,000 7,000 9,000 44,000 12,000 27,000 18.000 5,000 30,000 21,000 CA Requirements b, c, and d. What is JLK's partnership taxable income? What is JLK's ordinary income (loss)? What ar , Begin by determining the partnership's taxable income, then ordinary income (loss), and finally separately stated items Taxable Ordinary Income Income Income Operating profit $ 94,000 Rental income 31,000 Interest on municipal bonds Interest on corporate bonds 3,000 Dividend income 20.000 Gain on investment land 66,000 Long-term capital gain 10,000 Short-term capital loss (7,000) Sec. 1231 gain 9.000 Unrecaptured Sec 1250 gain 44,000 Expenses Depreciation (41,000) | Interest expense on mortgage (18,000) Interest expense on municipal bond loan Guaranteed payment Low-income housing expenditures $ 211,000 Total