Required information Problem 20-58 (LO 20-4) (Algo) [The following information applies to the questions displayed below.] Turtle Creek Partnership had the following revenues, expenses, gains, losses, and distributions: Sales revenue Long-term capital gains Cost of goods sold Depreciation-MACRS Amortization of organization costs Guaranteed payments to partners for general management Cash distributions to partners $ 53,500 $ 2,100) $ (16,600) $ (4,000) $ (1,190) $ (17,300) $ (3,300) Problem 20-58 Part a (Algo) a. Given these items, what is Turtle Creek's ordinary business income (loss) for the year? Ordinary income (loss)