QUESTION 4 4. On July 1, 2014, Joe, Kline, and Lama began a partnership in which Joe and Kline each contributed cash o $200,000; and Lama contributed property with a fair value of $100,000 and a tax basis $150,000. Joe receie $150,000. Joe receives a l of Joe, 10% bonus of partnership income. Kline and Lama receive salaries of $40,000 each. The partnership agreemen remain Kline, and Lama provides that all partn income be distributed to Joe, Kline, and Lama by a 1:1:3 ratio. ers receive 5% interest on capital and that profits and losses of the Required: Prepare a schedule to distribute $225,000 of partnership net income to the partners