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[ The following information applies to the questions displayed below. ] The TimpRiders LP has operated a motorcycle dealership for a number of years. Amir

[The following information applies to the questions displayed below.]
The TimpRiders LP has operated a motorcycle dealership for a number of years. Amir is the limited partner, Francesca the general partner, and they share capital and profits equally. Francesca works full time managing the partnership. Bot the partnership and the partners report on a calendar-year basis. At the start of the current year, Amir and Francesca ha bases of $11,900 and $4,100, respectively, and the partnership did not have any liabilities. During the current year, the partnership reported the following results from operations:
\table[[Net sales,$684,000
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