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GFH Decorators, a partnership, had the income and expenses shown in the spreadsheet below for the current tax year. Identify whether each item is an "Ordinary Business Income" item $($reported on Page $1,$ Form $1065),$ a "Separately Stated Item" $($reported on Schedule K$,$ Form $1065),$ or both.

Enter the value of ordinary income items in column C and the value of separately stated items in column D$.$

Note that not all the cells in either column C or D will have values. If a response is zero, leave the cell blank.

Use a minus sign to enter negative values.

$1^n$

$\backslash$table$[[1,,\backslash$table$[[$Business$],[$Income$]],\backslash$table$[[$Separately$],[$Stated ltems$]],],[2,$Fee revenue,$$600,000,,],[3,$Dividend income,$$2,000,123,],[4,$Capital gain distributions,$$10,000,123,123],[5,$Charitable contributions $($cash$),($$$500),123,123],[6,$Salaries to employees,$($$$150,000),123,],[7,$Partner guaranteed payments,$($$$75,000),123,123],[8,\backslash$table$[[$MACRS depreciation on office$],[$furniture$]],($$$3,000),123,123],[9,$Total ordinary business income,,$$0,]]$