P1 and P2 are equal partners in ABC Partnership. The partnership agreement states that P1 will receive a guaranteed payment of $25,000 and that P1 and P2 will share the remaining items of income, gain, deduction, and loss equally. For the tax year, ABC reports the following results. Determine the amount of ordinary income allocated to P2 for the year. Sales - 120,000 Cost of goods sold - 45,000 Depreciation -7,500 Employee wages -35,000 Other business expenses - 3,000 Type your answer...