Reporting Deductions (LO. 2) Andy, Azim, and Ashwin operate the Triple-A Steak House, a popular restaurant and bar. The three, who have been friends since childhood, are equal partners in the establishment. For the year, Triple-A reports the following: Sales revenues $796,000 Short-term capital gains 18,000 Short-term capital losses (9,600) Business expenses (535,000) Charitable contributions (9,000) > Taxable income $260,400 Since Andy, Azim, and Ashwin are equal partners, the Triple-A partnership will report the following amounts to each partner: Taxable ordinary income Short-term capital gain Short-term capital loss III Charitable contributions