Problem 8.40 (LO 8-4) Mabel, Loretto, and Margaret are equal partners in a local restaurant. The restaurant reports the following items for the current year Revenue $ 520,000 Business expenses 270,000 Investment expenses 138,000 Short-term capital gains 128,000 Short-term capital losses (177,100) 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? (Do not round any division. Round your final answer to the nearest whole dollar value. Negative amounts should be indicated by a minus sign.) Amount Schedule A Schedule D Schedule Dominique and Terrell are joint owners of a bookstore. The business operates as an S corporation, Dominique owns 65%, and Terrell owns 35%. The business has the following results in the current year: Revenue Business expenses Charitable contributions Short-term capital losses Long-term capital gains $ 2,200,000 1,430,000 48,000 4,620 6,680 Required: How do Dominique and Terrell report these items for tax purposes? Answer is complete but not entirely correct. Total Dominique (65) Terrell (35%) Reporting Schedule $ Revenues Expenses Ordinary income Charitable contributions SIT capital losses UT capital gains $ 22,200,000 1.430,000 20.770.000 48.000 (4 620) 6,600 929,500 $ 31 200 13,003) 4.290 500.500 To Schedule E 16,800 To Schedule A (1.617 To Schedule 2.810 3 to Schedule jojo00