Required: 1. Do Parts I and II as dictated by the case. 2. For both years, present complete analyses of Josie's capital account and outside basis as well as other pertinent schedules, including analyses of $704(d), $465, and $469 effects. Also, as asked for in Parts I and II, provide Josie's tax return information. 3. For both years, provide capital account and outside basis analyses for KLM and the Other LPs, treating the Other LPs as one big partner. Thus, you will have analyses for KLM, Josie, and the Other LPs. For some degree of simplicity, assume that the other LPs' initial contributions were equal to their allocated loss in Year 1, thereby zeroing out their capital accounts at the end of Year 1. Specifically, after determining Year 1's partnership loss, allocate it to the partners based on their allocation percentages from the case facts. Then assume that the other LPs' aggregate beginning capital account and outside basis equal the allocated loss. Determine Josie's beginning capital account and outside basis based on her contribution to the partnership. KLM's beginning capital account and outside basis will be residual numbers after you determine the amounts for Josie and the other LPs