Problem 8-40 (LO 8-4) Mabel, Loretta, and Margaret are equal partners in a local restaurant. The restaurant reports the following items for the current year: Each partner receives a Schedule K-1 with one-third of the preceding items reported to her. Required: How must each individual report these results on her Form 1040? Note: Round any division to 5 decimal places and final answers to nearest whole dollar value. Negative amounts should be Indicated by a minus sign