[The following information applies to the questions displayed below] The TimpRiders LP has operated a motorcycle dealership for a number of years, Lance is the limited partner, Francesca is the general partner, and they share capital and profits equally. Francesca works full time managing the partnership. Both the partnership and the partners report on a calendar-year basis. At the start of the current year, Lance ond Francesca had bases of $11,700 and $4,300, respectively, and the partnership did not have any llablities. During the current year, the partnership reported the following results from operations: On the last day of the year, the partnership distributed $4,300 each to Lance and Francesca. Comprehensive Problem 20.81 Part 2 (Algo) d. Using the information provided, prepare TimpRiders' page 1 and Schedule K to be included with its form 1065 for the current year. Also, prepare a Schedule K-1 for Lance and Francesca. (Use 2021 tax rules regardless of year on tax form. Losses should be entered as negative numbers and input all other values as positive numbers) Prepare Form 1065. Form 1065 Page 1