The KL Partnership is owned equally by Kayla and Lisa. At the beginning of the year, Kayla's tax basis in her KL interest is $20,000 and Lisa's tax basis is $16,000. Partnership debt did not change from the beginning to the end of the tax year. KL. reported the following income and expenses for the current tax year. Assume total assets are $680,400. a. Complete whether the following items are reported on Form 1065, page 1 or on Form 1065, Page 4, Schedule K. What amount is shown on lines 1,9a and 20 on Schedule K ? Line 1: 5 Line 9a: 9 Une 19a: 5 Use the ordering rules of Exhibit 21.2 (and the loss limitation rules), and calculate Kayla's basis in her partnership interest at the end of the year. Basis before loss allocation: $ Ordinary loss allowed under 5704 (d): $ Ending basis in interest: $ Based on this calculation, what does Kayla report on her tax return? She reports a of $ and of 5 Use the ordering rules of Exhibit 21.2 (and the loss limitation rules), and calculate Lisa's basis in her partnership interest at the end of the year. Basis before loss allocation: $ Ordinary loss allowed under $704 (d): $ x Ending basis in interest: $ Based on this calculation, what does Lisa report on her tax return? She reports a of $ and of $