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Shirelle and Newman are each 50% partners of a business that operates as a partnership. The business reports the following results: Revenue Business expenses Investment

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Shirelle and Newman are each 50% partners of a business that operates as a partnership. The business reports the following results: Revenue Business expenses Investment expenses Short-term capital gains Short-term capital losses $ 85,000 51,000 8,250 12,500 (18,500) Required: How do Shirelle and Newman report these items for tax purposes in the following schedules? (Negative amounts should be indicated by a minus sign.) Amount 4.125 Schedule A Schedule D Schedule E

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