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Ppartner Spence had the following items reported on a partnership Scheduled K-1: Ordinary Income. $57,000 Interest Income. $4,900 Dividend Income. $5,300 Guaranteed Payment. $15,000 Section

Ppartner Spence had the following items reported on a partnership Scheduled K-1:

Ordinary Income. $57,000

Interest Income. $4,900

Dividend Income. $5,300

Guaranteed Payment. $15,000

Section 179 expense. $16,000

Cash distribution. $20,000

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