Rochelle is a limited partner in Megawatt Partnership. For 2020, her schedule K-1 from the partnership reported the following share of partnership items: Ordinary income Section 1231 loss Nondeductible expense Cash distribution $ 47,600 (3,600) 2,190 4,950 Required: a. Calculate the net impact of the given items on Rochelle's 2020 taxable income. Assume that Rochelle does not qualify for the QBI deduction. b. Assume that Rochelle's marginal tax rate is 35 percent. Calculate her 2020 after-tax cash flow as a result of her interest in Megawatt. Complete this question by entering your answers in the tabs below. Required A Required B Calculate the net impact of the given items on Rochelle's 2020 taxable income. Assume that Rochelle does not qualify for the QBI deduction. Net impact on taxable income Rochelle is a limited partner in Megawatt Partnership. For 2020, her schedule K-1 from the partnership reported the following share of partnership items: Ordinary income Section 1231 loss Nondeductible expense Cash distribution $ 47,600 (3,600) 2,190 4,950 Required: a. Calculate the net impact of the given items on Rochelle's 2020 taxable income. Assume that Rochelle does not qualify for the QBI deduction. b. Assume that Rochelle's marginal tax rate is 35 percent. Calculate her 2020 after-tax cash flow as a result of her interest in Megawatt. Complete this question by entering your answers the below. Required A Required B Assume that Rochelle's marginal tax rate is 35 percent. Calculate her 2020 after-tax cash flow as a result of her interest in Megawatt. (Negative amounts should be indicated by a minus sign.) After-tax cash flow