REX partnership has three partners. Income and expense items are allocated according to each partner's ownership share. Tom owns 40%, Walter owns 30%, and Elizabeth owns 30%. Each partner received a guaranteed payment of $100,000. The following expenses were included in computing book income for REX: Employee benefit programs $70,000 Bad debts 25,000 Investment expense 35,000 Short-term capital loss 20,000 Section 179 deductions 85,000 What is the net total amount of separately stated items that should be reported on Tom's Schedule K-1 of Form 1065