The KL Partnership is owned equally by Kayla and Lisa. Kayla's basis is $20,000 at the beginning of the tax year. Lisa's basis is $16,000 at the beginning of the year. Assume 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:

Sales revenue	$150,000
Cost of sales	80,000
Distribution to Lisa	15,000
Depreciation expense	20,000
Utilities	14,000
Rent expense	18,000
Long-term capital gain	6,000
Payment to Mercy Hospital for Kayla's medical expenses	12,000

a. Enter a value in the fields below.

The partnership's net income is $ _____.

The separately stated income items total $ _____.

Enter below the end of the tax year basis for each partner.

b. Kayla's basis in her partnership interest at the end of the tax year is $ _____.

c. Lisa's basis in her partnership interest at the end of the tax year is $ _____.