Paul has a 35% interest in Access Partnership with an AB of $115,000. On December 31, Year 3, Paul sold his interest for $175,000 to Lea On that same date, John sold his 10% interest in Arcassto Leonafor $50,000 John had an AB of $30,000 in his partnership interest. On that date, Arrakis,had the following assets Adjusted Basis Fair Market Value Cash S 60,000 Receivables S 45.000 Inventory 60,000 S 75,000 Land $100,000 $150,000 Additional information .Paul had become a partner in Year 1 John had become a partner on January 3, Year 3 For each sale of partnership interest, select from the pop-up boxes the type of income that Paul and John must report. Double-click on each blank box to see a list of answer choices and click on your selection. Each choice may be used once, more than once, or not at all. Then, calculate the amount of that income using the information above. Enter the appropriate amounts in the shaded cells below. Round answers to the nearest dollar Select Item Short-term capital gain Short-term capital loss Long-term capital gain Long-term capital loss Ordinary income Type Amount 1.-2. Paul 3.-4. John