The Dapper-Dons Partnership was formed ten years ago as a general partnership to custom tailor men's clothing. Dapper-Dons is located at 123 Flamingo Drive in City, ST, 54321. Bob Dapper manages the business and has 40% capital and profits interest. His address is 709 Brumby Way, City, ST, 54321. The partnership values its inventory using the cost method and did not change the method used during the current year. The partnership uses the accrual method of accounting. Because of its simplicity, the partnership is not subject to the partnership audit procedures. The partnership has no foreign partners, no foreign transactions, no interests in foreign trusts, and no foreign financial accounts. This partnership is neither a tax shelter nor a publicly traded partnership. No changes in ownership of partnership interests occurred during the current year. The partnership made cash distributions of $155,050 and $232,576 to Dapper and Dons, respectively, on December 30 of the current year. It made no other property distributions. Financial statements for the current year are presented in Tables 09-1 and C9-2. Assume that Dapper-Dons' business qualifies as a U.S. production activity and that its qualified production activities income is $600,000. The partnership uses the small business simplied overall method for reporting these activities (see discussion for Line 13d of Schedules K and K1 in the Form 1065 instructions). Prepare a current year partnership tax return for Dapper-Dons Partnership