QUESTION 19 Jayanthi and Krish each own a 50 percent general partner interest in the JK Partnership. The following information is available regarding the partnership's 2017 activities. Sales revenues Selling expense Depreciation expense $500,000 200,000 30,000 Long-term capital gain 9,000 Non-deductible expenses 2,000 Partnership debts, beginning of the year 100,000 Partnership debts, end of the year 120,000 Partnership distribution Jayanthi Krish 50,000 50,000 a. Calculate the partnership's ordinary income. b. Calculate Jayanthi's allocable share of partnership items. c. If Jayanthi has no other source of taxable income, what is her total gross income for 2017? d. At the beginning of the year, Jayanthi's adjusted tax basis in her partnership interest was $25,000. Calculate her ending adjusted tax basis in her partnership interest.