Required: How do Shirelle and Newman report these items for tax purposes in the following schedules? Note: Negative amounts should be indicated by a minus sign. Answer is complete but not entirely correct. Mabel, Loretta, and Margaret are equal partners in a local restaurant. The restaurant reports the following items for the current year: 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? Note: Round any division to 5 decimal places and final answers to nearest whole dollar value. Negative amounts should be indicated by a minus sign. Answer is complete but not entirely correct. Alicia and Marie own a vacation home at the beach. During the year, they rented the house for 42 days (six weeks) at $890 per week and used it for personal use for 58 days. The total costs of maintaining the home are as follows: Required: a. What is the proper tax treatment of this information on their tax return using the Tax Court method? Note: Use 365 days in a year. Round your intermediate computations to 5 decimal places and final answers to nearest whole dollar value