The partnership agreement of the G&P general partnership states that Gary will receive a guaranteed payment of $13,500, and that Gary and Prudence will share the remaining profits or losses in a 45/55 ratio. For year 1, the G&P partnership reports the following results: Sales revenue Gain on sale of land (51231) Cost of goods sold Depreciation MARS Employee wages Cash charitable contributions Municipal bond interest Other expenses $ 90,500 $ 7.100 $(44,700) $(12,600 ) $(16,500) $ (5,700) $ 3,200 $ 17,400) (Negative amounts should be indicated by a minus sign.) b. Compute Gary's share of self-employment income (loss) to be reported on his year 1 Schedule K-1, assuming G&P is a limited partnership and Gary is a limited partner. Self-employment income (loss) c. What do you believe Gary's share of self-employment income (loss) to be reported on his year 1 Schedule K-1 should be, assuming G&P is an LLC and Gary spends 2,000 hours per year working there full time? Self-employment income (loss)