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The KIM Partnership, which uses the accrual nethod of accounting, is ovned equally by Karen (cash nethod taxpayer), and LM corporation (accrual method taxpayer). Karen

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The KIM Partnership, which uses the accrual nethod of accounting, is ovned equally by Karen (cash nethod taxpayer), and LM corporation (accrual method taxpayer). Karen is a real eatate developer. Both materially participate in the bosiness. KIM reported the following reaults for the current year: \begin{tabular}{llcc} TotAL. - KLM Pahip KLM Pahip & Karen(50t) & Karen \\ Ord. Income Sep.Stated & Ord. Incone & Sop. Stated \\ \hline \end{tabular} a. What in 'kin' n ordinary incone (loss)? Karen's? b. What are the KLN' a separately stated Itens? Karen's

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