Pam and Susan own the PS Partnership. Pam takes care of daily operations and receives a guaranteed payment for her

efforts. Consider the following independent situations:

Vew the independent situations.

Requirement

What amount and character of income will each partner report in each of the independent situations?

Situation a$.$ The PS Partnership reports a $$10,000$ long$-$term capital gain and no ordinary income. Pam receives a

$$40,000$ guaranteed payment plus a $30\%$ distributive share of all partnership income after deducting the guaranteed

payment. $($Use parentheses or a minus sign for loss amounts. If an input field is not used, leave the input field empty.

Do not select a label or enter a zero.$)$