Partner Q is a partner in Partnership QRST. The partnership agreement states that Q's share of income and losses is 30 percent. Q provides services to QRST. Both QRST and Q use a calendar year for tax purposes. The partnership's financial records for the current year show:

Gross profit....................................... $260,000

Guaranteed payments to Q................ (20,000)

Life insurance premium for Q.............. (500)

Operating expenses.............................. (60,000)

Charitable contributions......................... (9,000)

Net long-term capital gain...................... 10,000

Q is single, has no other income, and no itemized deductions for the year. Q received the $20,000 guaranteed payments and withdrew an additional $10,000 during the year. Q's capital account in the partnership was $50,000 at the beginning of the year.

1. Using Form 1065, page 1 as a guide, calculate QRST's ordinary income for the tax year

2. Calculate Q's taxable income for the tax year of 2012. Q will not be able to itemize deductions.

3. Calculate Q's capital account in the partnership at the end of the tax year.